BusinessContract theory explainedTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 videoBusiness10/10/2016October 10, 2016This year's Nobel Prize for Economics winners stand out for their research on contract theory. What exactly is that, and why is it so important? To find out, DW talked to Michael Burda, a professor of economics. https://p.dw.com/p/2R57rAdvertisement