Details about Robert M. Townsend

Access statistics for papers by Robert M. Townsend.

Last updated 2007-12-07. Update your information in the RePEc Author Service.

Short-id: pto99

Working Papers

2005

1. Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening
   IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations
2. Firm Entry and Finance: Distinguishing Information Regimes
   2005 Meeting Papers, Society for Economic Dynamics
3. Firms as clubs in Walrasian markets with private information: technical appendix
   Working Paper, Federal Reserve Bank of Richmond
4. Sources of TFP Growth: Occupational Choice and Financial Deepening
   IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations

2004

5. Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening
   Econometric Society 2004 North American Summer Meetings, Econometric Society
6. Dynamic Mechanism Design with Hidden Income and Hidden Auctions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in UCLA Economics Working Papers, UCLA Department of Economics (2002) View citations
   See also Journal Article in Journal of Economic Theory (2006)

2003

7. Distinguishing limited commitment from moral hazard in models of growth with inequality
   Working Paper Series, Federal Reserve Bank of Chicago
8. Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice
   Policy Research Working Paper Series, The World Bank View citations
   See also Journal Article in Journal of Development Economics (2004)
9. Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation
   IMF Working Papers, International Monetary Fund View citations
10. Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy
    IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations
11. Mechanism design and assignment models
    Working Paper, Federal Reserve Bank of Richmond
12. Selection into and across Credit Contracts: Theory and Field Research
    Working Papers, Department of Economics, Vanderbilt University View citations

2002

13. Dynamic Mecanism Design with Hidden Income and Hidden Actions: Technical Appendix
    UCLA Economics Working Papers, UCLA Department of Economics
14. Using Repayment Data to Test Across Models of Joint Liability Lending
    Working Papers, Department of Economics, Vanderbilt University View citations

2000

15. Firms as clubs in Walrasian markets with private information
    Working Paper, Federal Reserve Bank of Richmond View citations
16. Small-business access to trade credit: some evidence of ethnic differences
    Consumer and Community Affairs Policy Studies, Federal Reserve Bank of Chicago
    See also Journal Article in Proceedings (2000)
17. Supplier relationships and small business use of trade credit
    Working Paper Series, Federal Reserve Bank of Chicago
    See also Journal Article in Journal of Urban Economics (2004)

1997

18. General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies
    Working Papers, Centro de Estudios Monetarios Y Financieros- View citations
    See also Journal Article in Review of Economic Dynamics (1998)

1996

19. Micro Enterprise and Macro Policy
    Working Papers, Banca Italia - Servizio di Studi View citations
20. Theory of the firm: applied mechanism design
    Working Paper, Federal Reserve Bank of Richmond View citations

1991

21. Risk and Insurance in Village India
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations
    Also in University of Chicago - Population Research Center, Chicago - Population Research Center View citations
    See also Journal Article in Econometrica (1994)

1990

22. Computing Multiperiod, Information-Constrained Optima
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations
    See also Journal Article in Review of Economic Studies (1991)
23. Understanding the Structure of Village and Regional Economies
    University of Chicago - Economics Research Center, Chicago - Economics Research Center
    Also in University of Chicago - Population Research Center, Chicago - Population Research Center

1982

24. A model of circulating private debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1979

25. Optimal contracts and competitive markets with costly state verification
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Economic Theory (1979)

Undated

26. Introduction (Chapter1), "Key Elements and Patterns in Theory and Early European History"
    University of Chicago - Population Research Center, Chicago - Population Research Center

Journal Articles

2006

1. Dynamic mechanism design with hidden income and hidden actions
   Journal of Economic Theory, 2006, 126, (1), 235-285 View citations
   See also Working Paper (2004)
2. Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation-super-1
   Review of Economic Studies, 2006, 73, (1), 251-293 View citations
3. Private Information and Intertemporal Job Assignments-super-1
   Review of Economic Studies, 2006, 73, (2), 531-548

2005

4. Policies and Impact: An Analysis of Village-Level Microfinance Institutions
   Journal of the European Economic Association, 2005, 3, (1), 1-50 View citations

2004

5. Entrepreneurship and financial constraints in Thailand
   Journal of Corporate Finance, 2004, 10, (2), 229-262 View citations
6. Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice
   Journal of Development Economics, 2004, 74, (2), 269-307 View citations
   See also Working Paper (2003)
7. Supplier relationships and small business use of trade credit
   Journal of Urban Economics, 2004, 55, (1), 46-67 View citations
   See also Working Paper (2000)

2003

8. Microcredit And Mechanism Design
   Journal of the European Economic Association, 2003, 1, (2-3), 468-477

2002

9. Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard
   Journal of Economic Theory, 2002, 103, (2), 282-310 View citations

2000

10. Small business access to trade credit: some evidence of ethnic differences
    Proceedings, 2000, (May), 423-451
    See also Working Paper (2000)

1999

11. A comparison of small business finance in two Chicago minority neighborhoods
    Proceedings, 1999, (Mar), 467-502 View citations
12. How do minorities fund small business start-ups? Two Chicago neighborhoods offer insight
    The Region, 1999, (Sep), 10-13,26
13. Small business finance in two Chicago minority neighborhoods
    Economic Perspectives, 1999, (Q II), 46-62 View citations

1998

14. General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies
    Review of Economic Dynamics, 1998, 1, (1), 59-118 View citations
    See also Working Paper (1997)
15. Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups
    Review of Economic Dynamics, 1998, 1, (1), 119-172 View citations

1995

16. Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies
    Journal of Economic Perspectives, 1995, 9, (3), 83-102 View citations
17. Financial Systems in Northern Thai Villages
    The Quarterly Journal of Economics, 1995, 110, (4), 1011-46 View citations

1994

18. Community development banking and Financial Institutions Act: a critique with recommendations
    Proceedings, 1994, (May), 538-546 View citations
19. Risk and Insurance in Village India
    Econometrica, 1994, 62, (3), 539-91 View citations
    See also Working Paper (1991)

1991

20. Computing Multi-period, Information-Constrained Optima
    Review of Economic Studies, 1991, 58, (5), 853-81 View citations
    See also Working Paper (1990)

1989

21. Currency and Credit in a Private Information Economy
    Journal of Political Economy, 1989, 97, (6), 1323-44 View citations

1988

22. Information constrained insurance: The revelation principle extended
    Journal of Monetary Economics, 1988, 21, (2-3), 411-450 View citations

1987

23. Asset-return anomalies in a monetary economy
    Journal of Economic Theory, 1987, 41, (2), 219-247 View citations
24. Economic Organization with Limited Communication
    American Economic Review, 1987, 77, (5), 954-71 View citations
25. Models as Economies
    Economic Journal, 1987, 98, (390), 1-24 View citations

1984

26. General Competitive Analysis in an Economy with Private Information
    International Economic Review, 1984, 25, (1), 1-20 View citations
27. Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
    Econometrica, 1984, 52, (1), 21-45 View citations

1983

28. Financial Structure and Economic Activity
    American Economic Review, 1983, 73, (5), 895-911 View citations
29. Forecasting the Forecasts of Others
    Journal of Political Economy, 1983, 91, (4), 546-88 View citations

1982

30. Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information
    Journal of Political Economy, 1982, 90, (6), 1166-86 View citations

1981

31. Resource Allocation under Asymmetric Information
    Econometrica, 1981, 49, (1), 33-64 View citations

1979

32. Optimal contracts and competitive markets with costly state verification
    Journal of Economic Theory, 1979, 21, (2), 265-293 View citations
    See also Working Paper (1979)

1978

33. Intermediation with Costly Bilateral Exchange
    Review of Economic Studies, 1978, 45, (3), 417-25 View citations
34. Market Anticipations, Rational Expectations, and Bayesian Analysis
    International Economic Review, 1978, 19, (2), 481-94 View citations
35. On the Optimality of Forward Markets
    American Economic Review, 1978, 68, (1), 54-66 View citations

1977

36. The eventual failure of price fixing schemes
    Journal of Economic Theory, 1977, 14, (1), 190-199 View citations