Details about Bengt Holmstrom

Access statistics for papers by Bengt Holmstrom.

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Short-id: pho488

Working Papers

2019

1. The Information View of Financial Crises
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2014

2. Banks as Secret Keepers
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
   Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2014) View citations (17)

2008

3. A Theory of Firm Scope
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2003

4. The State of U.S. Corporate Governance: What's Right and What's Wrong?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
   See also Journal Article in Journal of Applied Corporate Finance (2003)

2001

5. Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (71)

1999

6. Managerial Incentive Problems: A Dynamic Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (534)

1998

7. LAPM: A Liquidity Based Asset Pricing Model
   Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (26)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (9)

1997

8. Moral Hazard and Observability
   Levine's Working Paper Archive, David K. Levine View citations (89)
   See also Journal Article in Bell Journal of Economics (1979)

1996

9. Private and Public Supply of Liquidity
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
   Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1996) View citations (11)
   See also Journal Article in Journal of Political Economy (1998)

1994

10. Financial Intermediation, Loanable Funds and the Real Sector
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (13)

1987

11. Short-Term Contracts and Long-Term Agency Relationships
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (21)
    See also Journal Article in Journal of Economic Theory (1990)

1986

12. The Theory of Contracts
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (103)

1985

13. Aggregation and Linearity in the Provision of Intertemporal Incentives
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (18)
    See also Journal Article in Econometrica (1987)

1984

14. Managerial Incentives and Capital Management
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (2)

1982

15. Managerial Incentives, Investment and Aggregate Implications, Part I: Scale Effects
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (1)

1981

16. A Theory of Wage Dynamics
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (27)
17. Efficient and Durable Decision Rules with Incomplete Information
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (4)
    See also Journal Article in Econometrica (1983)
18. Moral Hazard in Teams
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (2)
    See also Journal Article in Bell Journal of Economics (1982)

1980

19. Contractural Models of the Labor Market
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (2)
    See also Journal Article in American Economic Review (1981)
20. Equilibrium Long-Term Labor Contracts
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (8)
21. On The Theory of Delegation
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (5)

1979

22. Design of Incentive Schemes and the New Soviet Incentive Model
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (1)
    See also Journal Article in European Economic Review (1982)

Journal Articles

2008

1. Commentary: the panic of 2007
   Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 263-273

2003

2. THE STATE OF U.S. CORPORATE GOVERNANCE: WHAT'S RIGHT AND WHAT'S WRONG?
   Journal of Applied Corporate Finance, 2003, 15, (3), 8-20 View citations (64)
   See also Working Paper (2003)

2002

3. Domestic and International Supply of Liquidity
   American Economic Review, 2002, 92, (2), 42-45 View citations (11)

2001

4. Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s
   Journal of Economic Perspectives, 2001, 15, (2), 121-144 View citations (139)

2000

5. Liquidity and Risk Management
   Journal of Money, Credit and Banking, 2000, 32, (3), 295-319 View citations (76)

1999

6. The Firm as a Subeconomy
   The Journal of Law, Economics, and Organization, 1999, 15, (1), 74-102 View citations (140)

1998

7. Private and Public Supply of Liquidity
   Journal of Political Economy, 1998, 106, (1), 1-40 View citations (930)
   See also Working Paper (1996)
8. The Boundaries of the Firm Revisited
   Journal of Economic Perspectives, 1998, 12, (4), 73-94 View citations (290)

1996

9. Financing of Investment in Eastern Europe: A Theoretical Perspective
   Industrial and Corporate Change, 1996, 5, (2), 205-37 View citations (16)
10. Modeling Aggregate Liquidity
    American Economic Review, 1996, 86, (2), 187-91 View citations (28)

1995

11. Internal Labor Markets: Too Many Theories, Too Few Facts
    American Economic Review, 1995, 85, (2), 255-59 View citations (52)

1994

12. The Firm as an Incentive System
    American Economic Review, 1994, 84, (4), 972-91 View citations (546)

1993

13. Hierarchies and compensation: A case study
    European Economic Review, 1993, 37, (2-3), 366-378 View citations (58)
14. Market Liquidity and Performance Monitoring
    Journal of Political Economy, 1993, 101, (4), 678-709 View citations (565)

1991

15. Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design
    The Journal of Law, Economics, and Organization, 1991, 7, 24-52 View citations (1876)
16. Transfer Pricing and Organizational Form
    The Journal of Law, Economics, and Organization, 1991, 7, (2), 201-28 View citations (103)

1990

17. Short-term contracts and long-term agency relationships
    Journal of Economic Theory, 1990, 51, (1), 1-31 View citations (163)
    See also Working Paper (1987)

1989

18. Agency costs and innovation
    Journal of Economic Behavior & Organization, 1989, 12, (3), 305-327 View citations (396)

1987

19. Aggregation and Linearity in the Provision of Intertemporal Incentives
    Econometrica, 1987, 55, (2), 303-28 View citations (991)
    See also Working Paper (1985)
20. On the Duration of Agreements
    International Economic Review, 1987, 28, (2), 389-406 View citations (39)

1983

21. Efficient and Durable Decision Rules with Incomplete Information
    Econometrica, 1983, 51, (6), 1799-819 View citations (337)
    See also Working Paper (1981)
22. Microeconomic Developments and Macroeconomics
    American Economic Review, 1983, 73, (2), 223-27 View citations (2)

1982

23. Design of incentive schemes and the new Soviet Incentive model
    European Economic Review, 1982, 17, (2), 127-148 View citations (12)
    See also Working Paper (1979)
24. Moral Hazard in Teams
    Bell Journal of Economics, 1982, 13, (2), 324-340 View citations (1313)
    See also Working Paper (1981)

1981

25. Contractual Models of the Labor Market
    American Economic Review, 1981, 71, (2), 308-13 View citations (19)
    See also Working Paper (1980)

1980

26. The Investment Banking Contract for New Issues under Asymmetric Information: Delegation and the Incentive Problem
    Journal of Finance, 1980, 35, (5), 1115-38 View citations (75)

1979

27. Groves' Scheme on Restricted Domains
    Econometrica, 1979, 47, (5), 1137-44 View citations (84)
28. Moral Hazard and Observability
    Bell Journal of Economics, 1979, 10, (1), 74-91 View citations (1526)
    See also Working Paper (1997)

Books

2013

1. Inside and Outside Liquidity, vol 1
   MIT Press Books, The MIT Press View citations (3)
   Also in MIT Press Books, The MIT Press (2011) View citations (229)
   MIT Press Books, The MIT Press (2011) View citations (107)

Chapters

2010

1. Comment on "The Credit Rating Crisis"
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 215-222 View citations (1)

1989

2. The theory of the firm
   Chapter 02 in Handbook of Industrial Organization, 1989, vol. 1, pp 61-133 View citations (230)