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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">voprecotest</journal-id><journal-title-group><journal-title xml:lang="ru">Вопросы экономики</journal-title><trans-title-group xml:lang="en"><trans-title>Voprosy Ekonomiki</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">0042-8736</issn><publisher><publisher-name>Voprosy Ekonomiki, NP</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.32609/0042-8736-2017-1-5-21</article-id><article-id custom-type="elpub" pub-id-type="custom">voprecotest-266</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ВОПРОСЫ ТЕОРИИ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ISSUES OF THEORY</subject></subj-group></article-categories><title-group><article-title>Основы теории контрактов (Нобелевская премия по экономике 2016 года - Оливер Харт и Бенгт Хольмстрем)</article-title><trans-title-group xml:lang="en"><trans-title>Basics of contract theory (Nobel Memorial Prize in Economic Sciences 2016 - Oliver Hart and Bengt Holmström)</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Измалков</surname><given-names>С. Б.</given-names></name><name name-style="western" xml:lang="en"><surname>Izmalkov</surname><given-names>S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>PhD, проф. Российской экономической школы (Москва)</p></bio><email xlink:type="simple">sizmalkov@nes.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Сонин</surname><given-names>К. И.</given-names></name><name name-style="western" xml:lang="en"><surname>Sonin</surname><given-names>K.</given-names></name></name-alternatives><bio xml:lang="ru"><p>к.  ф.-м.  н., проф. Чикагского университета (Чикаго, США) и НИУ ВШЭ (Москва)</p></bio><email xlink:type="simple">ksonin@uchicago.edu</email><xref ref-type="aff" rid="aff-2"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Российская экономическая школа</institution><country>Россия</country></aff><aff xml:lang="en"><institution>New Economic School</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>Чикагский университет ; НИУ ВШЭ</institution><country>Соединённые Штаты Америки</country></aff><aff xml:lang="en"><institution>University of Chicago; National Research University Higher School of Economics</institution><country>United States</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2017</year></pub-date><pub-date pub-type="epub"><day>20</day><month>01</month><year>2017</year></pub-date><volume>0</volume><issue>1</issue><fpage>5</fpage><lpage>21</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Voprosy Ekonomiki, NP, 2017</copyright-statement><copyright-year>2017</copyright-year><copyright-holder xml:lang="ru">Voprosy Ekonomiki, NP</copyright-holder><copyright-holder xml:lang="en">Voprosy Ekonomiki, NP</copyright-holder><license xlink:href="https://www.vopreco.ru/jour/about/submissions#copyrightNotice" xlink:type="simple"><license-p>https://www.vopreco.ru/jour/about/submissions#copyrightNotice</license-p></license></permissions><self-uri xlink:href="https://www.vopreco.ru/jour/article/view/266">https://www.vopreco.ru/jour/article/view/266</self-uri><abstract><p>Нобелевская премия по экономике 2016 года присуждена Оливеру Харту и Бенгту Хольмстрему за работы, ставшие фундаментом современной теории контрактов. Харт и и Хольмстрем показали, что анализ стратегического взаимодействия экономических субъектов, владеющих разной информацией, можно успешно применить, чтобы ответить на самые естественные вопросы. Как должна быть устроена система вознаграждения менеджеров в фирме? Зачем страховые контракты обычно включают разделение ответственности, если страховой случай произошел? Почему одни фирмы используют аутсорсинг, а другие - нет? В статье кратко описывается основная модель теории контрактов и рассказывается о достижениях нобелевских лауреатов по экономике 2016 года.</p></abstract><trans-abstract xml:lang="en"><p>The 2016 Nobel Memorial Prize in Economic Sciences was awarded to Oliver Hart and Bengt Holmström “for their contributions to contract theory”. In their papers, they have demonstrated that strategic analysis of environments with asymmetric information might be very fruitful in providing answers to many natural economic questions: How should firms reward their managers? Why insurance contracts often include deductibles and co-payments? When do firms outsource and when do they prefer in-house production? In its brief exposition, the paper starts with the basics of contract theory and discusses some most important results of 2016 laureates.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Нобелевская премия по экономике</kwd><kwd>теория контрактов</kwd><kwd>неполные контракты</kwd><kwd>моральный риск</kwd><kwd>многозадачность</kwd><kwd>задача принципала</kwd><kwd>агента</kwd><kwd>принцип информативности</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Nobel Memorial Prize in Economics Sciences</kwd><kwd>contract theory</kwd><kwd>incomplete contracts</kwd><kwd>moral hazard</kwd><kwd>multitasking</kwd><kwd>principal-agent problem</kwd><kwd>informativeness principle</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Авдашева С., Шаститко А. 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