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Details about Robert M. Townsend

Homepage:http://www.robertmtownsend.net
Workplace:Department of Economics, University of Chicago, (more information at EDIRC)
Economics Department, Massachusetts Institute of Technology (MIT), (more information at EDIRC)

Access statistics for papers by Robert M. Townsend.

Last updated 2013-02-12. Update your information in the RePEc Author Service.

Short-id: pto99


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Working Papers

2019

  1. Rise of Bank Competition: Evidence from Banking Deregulation in China
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. The economics of bank supervision
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (4)
  3. Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets
    Staff Reports, Federal Reserve Bank of New York Downloads

2018

  1. Financial Centrality and Liquidity Provision
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2017

  1. Integrated household surveys: an assessment of U.S. methods and an innovation
    Working Papers, Federal Reserve Bank of Boston Downloads

2016

  1. A Market Based Solution for Fire Sales and Other Pecuniary Externalities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Curbing Shocks to Corporate Liquidity: The Role of Trade Credit
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

2015

  1. Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)

2014

  1. A Market Based Solution to Price Externalities: A Generalized Framework
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
  2. Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)

2013

  1. Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
  2. Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  3. Risk and Return in Village Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2012

  1. Demand and Reimbursement Effects of Healthcare Reform: Health Care Utilization and Infant Mortality in Thailand
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)

2011

  1. Barriers to Household Risk Management: Evidence from India
    Working Papers, eSocialSciences Downloads View citations (1)
    Also in Staff Reports, Federal Reserve Bank of New York (2009) Downloads View citations (41)
    Policy Research Working Paper Series, The World Bank (2010) Downloads View citations (22)

    See also Journal Article in American Economic Journal: Applied Economics (2013)
  2. Heterogeneity and Risk Sharing in Village Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

2010

  1. Computing Multi-Period, Information Constrained Optima
    Levine's Working Paper Archive, David K. Levine Downloads View citations (4)
    Also in University of Chicago - Economics Research Center, Chicago - Economics Research Center (1990) View citations (74)
  2. Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution
    MPRA Paper, University Library of Munich, Germany Downloads View citations (1)
    See also Journal Article in Journal of Economic Theory (2011)
  3. Microinsurance: a case study of the Indian rainfall index insurance market
    Policy Research Working Paper Series, The World Bank Downloads View citations (20)
  4. No Bank, One Bank, Several Banks: Does It Matter for Investment?
    2010 Meeting Papers, Society for Economic Dynamics Downloads View citations (3)
    Also in Working Papers, Banco de España (2010) Downloads View citations (6)
  5. Pareto Optima and Competitive Equilibria With Adverse Selection and Moral Hazard
    Levine's Working Paper Archive, David K. Levine Downloads View citations (31)
    See also Journal Article in Econometrica (1984)

2009

  1. A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative
    2009 Meeting Papers, Society for Economic Dynamics Downloads
    See also Journal Article in Econometrica (2011)
  2. Market Based, Segregated Exchanges with Default Risk
    MPRA Paper, University Library of Munich, Germany Downloads View citations (6)

2008

  1. Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models
    2008 Meeting Papers, Society for Economic Dynamics Downloads

2007

  1. Patterns of rainfall insurance participation in rural India
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (58)
    Also in Policy Research Working Paper Series, The World Bank (2007) Downloads View citations (5)

    See also Journal Article in World Bank Economic Review (2008)
  2. Sources of TFP Growth: Occupational Choice and Financial Deepening
    2007 Meeting Papers, Society for Economic Dynamics Downloads View citations (41)
    Also in IEPR Working Papers, Institute of Economic Policy Research (IEPR) (2005) View citations (32)

    See also Journal Article in Economic Theory (2007)
  3. Statistical analysis of rainfall insurance payouts in southern India
    Policy Research Working Paper Series, The World Bank Downloads View citations (33)
    See also Journal Article in American Journal of Agricultural Economics (2007)
  4. Welfare Gains from Financial Liberalization
    IMF Working Papers, International Monetary Fund Downloads View citations (6)
    See also Journal Article in International Economic Review (2010)

2006

  1. Welfare Gain of Financial Liberalization
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)

2005

  1. Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening
    IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations (4)
  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 Downloads View citations (1)

2004

  1. Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening
    Econometric Society 2004 North American Summer Meetings, Econometric Society Downloads View citations (2)
  2. Dynamic Mechanism Design with Hidden Income and Hidden Auctions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (2002) Downloads View citations (14)

    See also Journal Article in Journal of Economic Theory (2006)

2003

  1. Distinguishing limited commitment from moral hazard in models of growth with inequality
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)
  2. Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice
    Policy Research Working Paper Series, The World Bank Downloads View citations (10)
    See also Journal Article in Journal of Development Economics (2004)
  3. Financial Deepening, Inequality, and Growth; A Model-Based Quantitative Evaluation
    IMF Working Papers, International Monetary Fund Downloads View citations (32)
  4. Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy
    IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations (3)
    See also Journal Article in Macroeconomic Dynamics (2008)
  5. Mechanism design and assignment models
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (1)
  6. Selection into and across Credit Contracts: Theory and Field Research
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics Downloads
    See also Journal Article in Journal of Econometrics (2007)

2002

  1. Dynamic Mecanism Design with Hidden Income and Hidden Actions: Technical Appendix
    UCLA Economics Working Papers, UCLA Department of Economics Downloads
  2. Using Repayment Data to Test Across Models of Joint Liability Lending
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics Downloads View citations (1)
    See also Journal Article in Economic Journal (2007)

2000

  1. Firms as clubs in Walrasian markets with private information
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (12)
    See also Journal Article in Journal of Political Economy (2006)
  2. Small-business access to trade credit: some evidence of ethnic differences
    Consumer and Community Affairs Policy Studies, Federal Reserve Bank of Chicago View citations (1)
  3. Supplier relationships and small business use of trade credit
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (1)
    See also Journal Article in Journal of Urban Economics (2004)

1997

  1. General Competitive Analysis in an Economy with Private Information
    Levine's Working Paper Archive, David K. Levine Downloads View citations (18)
    See also Journal Article in International Economic Review (1984)
  2. General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies
    Working Papers, Centro de Estudios Monetarios Y Financieros- View citations (8)
    See also Journal Article in Review of Economic Dynamics (1998)

1996

  1. Micro Enterprise and Macro Policy
    Working Papers, Banca Italia - Servizio di Studi View citations (1)
  2. Theory of the firm: applied mechanism design
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (5)

1991

  1. Risk and Insurance in Village India
    University of Chicago - Economics Research Center, Chicago - Economics Research Center View citations (21)
    Also in University of Chicago - Population Research Center, Chicago - Population Research Center View citations (3)

    See also Journal Article in Econometrica (1994)

1990

  1. 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

  1. A model of circulating private debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

1979

  1. Optimal contracts and competitive markets with costly state verification
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1113)
    See also Journal Article in Journal of Economic Theory (1979)

Undated

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

Journal Articles

2017

  1. Human Capital Acquisition and Occupational Choice: Implications for Economic Development
    Review of Economic Dynamics, 2017, 25, 151-186 Downloads

2013

  1. Barriers to Household Risk Management: Evidence from India
    American Economic Journal: Applied Economics, 2013, 5, (1), 104-35 Downloads View citations (144)
    See also Working Paper (2011)

2012

  1. Kinship and Financial Networks, Formal Financial Access, and Risk Reduction
    American Economic Review, 2012, 102, (3), 289-93 Downloads View citations (24)
  2. Measuring the return on household enterprise: What matters most for whom?
    Journal of Development Economics, 2012, 98, (1), 58-70 Downloads View citations (1)
  3. The Impact of Credit on Village Economies
    American Economic Journal: Applied Economics, 2012, 4, (2), 98-133 Downloads View citations (45)
  4. Village Economic Accounts: Real and Financial Intertwined
    American Economic Review, 2012, 102, (3), 441-46 Downloads View citations (2)

2011

  1. A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative
    Econometrica, 2011, 79, (5), 1357-1406 Downloads View citations (54)
    See also Working Paper (2009)
  2. Information-constrained optima with retrading: An externality and its market-based solution
    Journal of Economic Theory, 2011, 146, (3), 1042-1077 Downloads View citations (7)
    See also Working Paper (2010)
  3. The Geographic Concentration of Enterprise in Developing Countries
    The Quarterly Journal of Economics, 2011, 126, (4), 2005-2061 Downloads View citations (24)
  4. Wealth accumulation and factors accounting for success
    Journal of Econometrics, 2011, 161, (1), 56-81 Downloads View citations (5)

2010

  1. Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics
    Annual Review of Economics, 2010, 2, (1), 507-546 Downloads View citations (3)
  2. Monetary theory and electronic money: reflections on the Kenyan experience
    Economic Quarterly, 2010, (1Q), 83-122 Downloads View citations (11)
  3. WELFARE GAINS FROM FINANCIAL LIBERALIZATION
    International Economic Review, 2010, 51, (3), 553-597 Downloads View citations (11)
    See also Working Paper (2007)

2009

  1. Impact of Climate Change on Rice Production in Thailand
    American Economic Review, 2009, 99, (2), 205-10 Downloads View citations (9)
  2. MEASURING THE IMPACT OF FINANCIAL INTERMEDIATION: LINKING CONTRACT THEORY TO ECONOMETRIC POLICY EVALUATION
    Macroeconomic Dynamics, 2009, 13, (S2), 268-316 Downloads View citations (3)

2008

  1. Endogenous groups and dynamic selection in mechanism design
    Journal of Economic Theory, 2008, 142, (1), 259-293 Downloads View citations (5)
  2. GROWTH AND INEQUALITY: MODEL EVALUATION BASED ON AN ESTIMATION-CALIBRATION STRATEGY
    Macroeconomic Dynamics, 2008, 12, (S2), 231-284 Downloads View citations (23)
    See also Working Paper (2003)
  3. INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE: INEQUALITY
    Macroeconomic Dynamics, 2008, 12, (S2), 149-153 Downloads
  4. Patterns of Rainfall Insurance Participation in Rural India
    World Bank Economic Review, 2008, 22, (3), 539-566 Downloads View citations (87)
    See also Working Paper (2007)

2007

  1. Selection into and across credit contracts: Theory and field research
    Journal of Econometrics, 2007, 136, (2), 665-698 Downloads View citations (16)
    See also Working Paper (2003)
  2. Sources of TFP growth: occupational choice and financial deepening
    Economic Theory, 2007, 32, (1), 179-221 Downloads View citations (59)
    See also Working Paper (2007)
  3. Statistical Analysis of Rainfall Insurance Payouts in Southern India
    American Journal of Agricultural Economics, 2007, 89, (5), 1248-1254 Downloads View citations (27)
    See also Working Paper (2007)
  4. Using Repayment Data to Test Across Models of Joint Liability Lending
    Economic Journal, 2007, 117, (517), F11-F51 Downloads View citations (72)
    See also Working Paper (2002)

2006

  1. Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship
    Journal of Political Economy, 2006, 114, (1), 100-144 Downloads View citations (63)
  2. Dynamic mechanism design with hidden income and hidden actions
    Journal of Economic Theory, 2006, 126, (1), 235-285 Downloads View citations (57)
    See also Working Paper (2004)
  3. Firms as Clubs in Walrasian Markets with Private Information
    Journal of Political Economy, 2006, 114, (4), 644-671 Downloads View citations (20)
    See also Working Paper (2000)

2005

  1. Policies and Impact: An Analysis of Village-Level Microfinance Institutions
    Journal of the European Economic Association, 2005, 3, (1), 1-50 Downloads View citations (73)

2004

  1. Entrepreneurship and financial constraints in Thailand
    Journal of Corporate Finance, 2004, 10, (2), 229-262 Downloads View citations (81)
  2. Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice
    Journal of Development Economics, 2004, 74, (2), 269-307 Downloads View citations (71)
    See also Working Paper (2003)
  3. Supplier relationships and small business use of trade credit
    Journal of Urban Economics, 2004, 55, (1), 46-67 Downloads View citations (11)
    See also Working Paper (2000)

2003

  1. Microcredit And Mechanism Design
    Journal of the European Economic Association, 2003, 1, (2-3), 468-477 Downloads View citations (13)

2002

  1. Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard
    Journal of Economic Theory, 2002, 103, (2), 282-310 Downloads View citations (17)

2001

  1. The credit risk-contingency system of an Asian development bank
    Economic Perspectives, 2001, (Q III), 31-48 Downloads View citations (17)

1999

  1. How do minorities fund small business start-ups? Two Chicago neighborhoods offer insight
    The Region, 1999, (Sep), 10-13,26 Downloads View citations (2)
  2. LIQUIDITY CONSTRAINTS AND INCENTIVE CONTRACTS
    Macroeconomic Dynamics, 1999, 3, (01), 1-47 Downloads View citations (18)
  3. Small business finance in two Chicago minority neighborhoods
    Economic Perspectives, 1999, (Q II), 46-62 Downloads View citations (7)

1998

  1. General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies
    Review of Economic Dynamics, 1998, 1, (1), 59-118 Downloads View citations (28)
    See also Working Paper (1997)
  2. Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups
    Review of Economic Dynamics, 1998, 1, (1), 119-172 Downloads View citations (9)

1997

  1. Discrimination in Financial Services: How Should We Proceed?
    Journal of Financial Services Research, 1997, 11, (1), 215-217 Downloads View citations (3)

1996

  1. Formal and informal financing in a Chicago neighborhood
    Economic Perspectives, 1996, (Jul), 3-27 Downloads View citations (14)

1995

  1. Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies
    Journal of Economic Perspectives, 1995, 9, (3), 83-102 Downloads View citations (200)

1994

  1. Risk and Insurance in Village India
    Econometrica, 1994, 62, (3), 539-91 Downloads View citations (901)
    See also Working Paper (1991)

1989

  1. Currency and Credit in a Private Information Economy
    Journal of Political Economy, 1989, 97, (6), 1323-44 Downloads View citations (56)

1988

  1. Information constrained insurance: The revelation principle extended
    Journal of Monetary Economics, 1988, 21, (2-3), 411-450 Downloads View citations (36)

1987

  1. Asset-return anomalies in a monetary economy
    Journal of Economic Theory, 1987, 41, (2), 219-247 Downloads View citations (27)
  2. Economic Organization with Limited Communication
    American Economic Review, 1987, 77, (5), 954-71 Downloads View citations (102)
  3. Models as Economies
    Economic Journal, 1987, 98, (390), 1-24 View citations (2)

1984

  1. General Competitive Analysis in an Economy with Private Information
    International Economic Review, 1984, 25, (1), 1-20 Downloads View citations (114)
    See also Working Paper (1997)
  2. Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
    Econometrica, 1984, 52, (1), 21-45 Downloads View citations (251)
    See also Working Paper (2010)

1983

  1. Financial Structure and Economic Activity
    American Economic Review, 1983, 73, (5), 895-911 Downloads View citations (23)
  2. Forecasting the Forecasts of Others
    Journal of Political Economy, 1983, 91, (4), 546-88 Downloads View citations (201)
  3. Reply to John long's comments
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 279-280 Downloads
  4. Theories of intermediated structures
    Carnegie-Rochester Conference Series on Public Policy, 1983, 18, (1), 221-272 Downloads View citations (12)

1982

  1. Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information
    Journal of Political Economy, 1982, 90, (6), 1166-86 Downloads View citations (81)

1981

  1. Resource Allocation under Asymmetric Information
    Econometrica, 1981, 49, (1), 33-64 Downloads View citations (104)

1979

  1. Optimal contracts and competitive markets with costly state verification
    Journal of Economic Theory, 1979, 21, (2), 265-293 Downloads View citations (1131)
    See also Working Paper (1979)

1978

  1. Market Anticipations, Rational Expectations, and Bayesian Analysis
    International Economic Review, 1978, 19, (2), 481-94 Downloads View citations (39)
  2. On the Optimality of Forward Markets
    American Economic Review, 1978, 68, (1), 54-66 Downloads View citations (3)

1977

  1. The eventual failure of price fixing schemes
    Journal of Economic Theory, 1977, 14, (1), 190-199 Downloads View citations (13)

Books

2011

  1. Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand
    OUP Catalogue, Oxford University Press View citations (10)

2010

  1. Households as Corporate Firms
    Cambridge Books, Cambridge University Press View citations (1)

Software Items

 
Page updated 2019-10-15