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Robert M. Townsend

Personal Details

First Name:Robert
Middle Name:M.
Last Name:Townsend
Suffix:
RePEc Short-ID:pto99
[This author has chosen not to make the email address public]
http://www.robertmtownsend.net
Terminal Degree:1975 Department of Economics; University of Minnesota (from RePEc Genealogy)

Affiliation

(50%) Department of Economics
University of Chicago

Chicago, Illinois (United States)
http://economics.uchicago.edu/
RePEc:edi:deuchus (more details at EDIRC)

(50%) Economics Department
Massachusetts Institute of Technology (MIT)

Cambridge, Massachusetts (United States)
http://econ-www.mit.edu/
RePEc:edi:edmitus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Books

Working papers

  1. Alexander Karaivanov & Benoit Mojon & Luiz Pereira da Silva & Albert Pierres Tejada & Robert Townsend, 2024. "Incentive-Compatible Unemployment Reinsurance for the Euro Area," NBER Working Papers 32396, National Bureau of Economic Research, Inc.
  2. Arun G. Chandrasekhar & Robert Townsend & Juan Pablo Xandri, 2022. "Liquidity, Financial Centrality, and the Value of Key Players," NBER Working Papers 30270, National Bureau of Economic Research, Inc.
  3. Francisco J. Buera & Joseph P. Kaboski & Robert M. Townsend, 2021. "From Micro to Macro Development," NBER Working Papers 28423, National Bureau of Economic Research, Inc.
  4. Yan Ji & Songyuan Teng & Robert Townsend, 2021. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," NBER Working Papers 28582, National Bureau of Economic Research, Inc.
  5. Cynthia Kinnan & Krislert Samphantharak & Robert Townsend & Diego A. Vera Cossio, 2020. "Propagation and Insurance in Village Networks," NBER Working Papers 28089, National Bureau of Economic Research, Inc.
  6. Anil K. Jain & Robert M. Townsend, 2020. "The Economics of Platforms in a Walrasian Framework," International Finance Discussion Papers 1280, Board of Governors of the Federal Reserve System (U.S.).
  7. Rod Garratt & Michael Junho Lee & Antoine Martin & Robert M. Townsend, 2019. "Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets," Staff Reports 892, Federal Reserve Bank of New York.
  8. Haoyu Gao & Hong Ru & Robert Townsend & Xiaoguang Yang, 2019. "Rise of Bank Competition: Evidence from Banking Deregulation in China," NBER Working Papers 25795, National Bureau of Economic Research, Inc.
  9. Arun G. Chandrasekhar & Robert Townsend & Juan Pablo Xandri, 2018. "Financial Centrality and Liquidity Provision," NBER Working Papers 24406, National Bureau of Economic Research, Inc.
  10. Krislert Samphantharak & Scott Schuh & Robert M. Townsend, 2017. "Integrated household surveys: an assessment of U.S. methods and an innovation," Working Papers 17-7, Federal Reserve Bank of Boston.
  11. Niklas Amberg & Tor Jacobson & Erik von Schedvin & Robert Townsend, 2016. "Curbing Shocks to Corporate Liquidity: The Role of Trade Credit," NBER Working Papers 22286, National Bureau of Economic Research, Inc.
  12. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "The Economics of Bank Supervision: So Much to Do, So Little Time," Liberty Street Economics 20160412, Federal Reserve Bank of New York.
  13. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "The Economics of Bank Supervision," NBER Working Papers 22201, National Bureau of Economic Research, Inc.
  14. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "Resource Allocation in Bank Supervision: Trade-offs and Outcomes," Staff Reports 769, Federal Reserve Bank of New York.
  15. Weerachart T. Kilenthong & Robert M. Townsend, 2016. "A Market Based Solution for Fire Sales and Other Pecuniary Externalities," NBER Working Papers 22056, National Bureau of Economic Research, Inc.
  16. Era Dabla-Norris & Yan Ji & Robert M. Townsend & D. Filiz Unsal, 2015. "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income," NBER Working Papers 20821, National Bureau of Economic Research, Inc.
  17. Weerachart T. Kilenthong & Robert M. Townsend, 2014. "A Market Based Solution to Price Externalities: A Generalized Framework," NBER Working Papers 20275, National Bureau of Economic Research, Inc.
  18. Weerachart Kilenthong & Robert Townsend, 2014. "Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities," NBER Working Papers 20086, National Bureau of Economic Research, Inc.
  19. Pierre-Andre Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2013. "Heterogeneity and risk sharking in village economies," Staff Report 483, Federal Reserve Bank of Minneapolis.
  20. Krislert Samphantharak & Robert Townsend, 2013. "Risk and Return in Village Economies," NBER Working Papers 19738, National Bureau of Economic Research, Inc.
  21. Benjamin Moll & Robert M. Townsend & Victor Zhorin, 2013. "Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions," NBER Working Papers 19618, National Bureau of Economic Research, Inc.
  22. Pierre-Andre Chiappori & Krislert Samphantharak & Sam Schulhofer-Wohl & Robert M. Townsend, 2013. "Portfolio choices and risk preferences in village economies," Working Papers 706, Federal Reserve Bank of Minneapolis.
  23. Alexander Karaivanov & Robert M. Townsend, 2013. "Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes," NBER Working Papers 19617, National Bureau of Economic Research, Inc.
  24. Jonathan Gruber & Nathaniel Hendren & Robert Townsend, 2012. "Demand and Reimbursement Effects of Healthcare Reform: Health Care Utilization and Infant Mortality in Thailand," NBER Working Papers 17739, National Bureau of Economic Research, Inc.
  25. Petia Topalova & Shawn Cole & Xavier Gene & Jeremy Tobacman & Robert Townsend & James Vickery, 2011. "Barriers to Household Risk Management: Evidence from India," Working Papers id:4293, eSocialSciences.
  26. Christopher Phelan & Robert M Townsend, 2010. "Computing Multi-Period, Information Constrained Optima," Levine's Working Paper Archive 117, David K. Levine.
  27. Alexander Karaivanov & Sonia Ruano & Jesús Saurina & Robert Townsend, 2010. "No bank, one bank, several banks: does it matter for investment?," Working Papers 1003, Banco de España.
  28. Gine, Xavier & Menand, Lev & Townsend, Robert & Vickery, James, 2010. "Microinsurance : a case study of the Indian rainfall index insurance market," Policy Research Working Paper Series 5459, The World Bank.
  29. Edward C Prescott & Robert M Townsend, 2010. "Pareto Optima and Competitive Equilibria With Adverse Selection and Moral Hazard," Levine's Working Paper Archive 2069, David K. Levine.
  30. Kilenthong, Weerachart & Townsend, Robert, 2010. "Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution," MPRA Paper 20725, University Library of Munich, Germany.
  31. Robert M. Townsend & Joseph P. Kaboski, 2009. "A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative," 2009 Meeting Papers 717, Society for Economic Dynamics.
  32. Robert M. Townsend & Alexander Karaivanov, 2008. "Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models," 2008 Meeting Papers 846, Society for Economic Dynamics.
  33. Gine, Xavier & Townsend, Robert & Vickery, James, 2007. "Statistical analysis of rainfall insurance payouts in southern India," Policy Research Working Paper Series 4426, The World Bank.
  34. Xavier Gine & Robert M. Townsend & James Vickery, 2007. "Patterns of rainfall insurance participation in rural India," Staff Reports 302, Federal Reserve Bank of New York.
  35. Kilenthong, Weerachart & Townsend, Robert, 2007. "Market Based, Segregated Exchanges with Default Risk," MPRA Paper 20724, University Library of Munich, Germany, revised 12 Nov 2009.
  36. Robert M. Townsend & Hyeok Jeong, 2007. "Sources of TFP Growth: Occupational Choice and Financial Deepening," 2007 Meeting Papers 198, Society for Economic Dynamics.
  37. Robert M Townsend & Kenichi Ueda, 2006. "Welfare Gain of Financial Liberalization," 2006 Meeting Papers 623, Society for Economic Dynamics.
  38. Hyeok Jeong & Robert M. Townsend, 2005. "Discovering the Sources of TFP Growth: Occupational Choice and Financial Deepening," IEPR Working Papers 05.19, Institute of Economic Policy Research (IEPR).
  39. Edward Simpson Prescott & Robert M. Townsend, 2005. "Firms as clubs in Walrasian markets with private information : technical appendix," Working Paper 05-11, Federal Reserve Bank of Richmond.
  40. Robert Townsend & Alexander Karaivanov, 2005. "Firm Entry and Finance: Distinguishing Information Regimes," 2005 Meeting Papers 219, Society for Economic Dynamics.
  41. Robert M. Townsend & Hyeok Jeong, 2004. "Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening," Econometric Society 2004 North American Summer Meetings 405, Econometric Society.
  42. Gine, Xavier & Townsend, Robert M., 2003. "Evaluation of financial liberalization : a general equilibrium model with constrained occupation choice," Policy Research Working Paper Series 3014, The World Bank.
  43. Anna L. Paulson & Robert M. Townsend, 2003. "Distinguishing limited commitment from moral hazard in models of growth with inequality," Working Paper Series WP-03-06, Federal Reserve Bank of Chicago.
  44. Edward Simpson Prescott & Robert M. Townsend, 2003. "Mechanism design and assignment models," Working Paper 03-09, Federal Reserve Bank of Richmond.
  45. Hyeok Jeong & Robert M. Townsend, 2003. "Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy," IEPR Working Papers 05.10, Institute of Economic Policy Research (IEPR).
  46. Christian Ahlin & Robert Townsend, 2003. "Selection into and across Credit Contracts: Theory and Field Research," Vanderbilt University Department of Economics Working Papers 0323, Vanderbilt University Department of Economics.
  47. Matthias Doepke & Robert M. Townsend, 2002. "Dynamic Mechanism Design With Hidden Income and Hidden Actions," UCLA Economics Working Papers 818, UCLA Department of Economics.
  48. Christian Ahlin & Robert Townsend, 2002. "Using Repayment Data to Test Across Models of Joint Liability Lending," Vanderbilt University Department of Economics Working Papers 0227, Vanderbilt University Department of Economics.
  49. Matthias Doepke & Robert M. Townsend, 2002. "Dynamic Mecanism Design with Hidden Income and Hidden Actions: Technical Appendix," UCLA Economics Working Papers 819, UCLA Department of Economics.
  50. Daniel Aaronson & Paul Huck & Robert M. Townsend, 2000. "Small-business access to trade credit: some evidence of ethnic differences," Consumer and Community Affairs Policy Studies 2000-2, Federal Reserve Bank of Chicago.
  51. Edward Simpson Prescott & Robert M. Townsend, 2000. "Firms as clubs in Walrasian markets with private information," Working Paper 00-08, Federal Reserve Bank of Richmond.
  52. Daniel Aaronson & Raphael W. Bostic & Paul Huck & Robert M. Townsend, 2000. "Supplier relationships and small business use of trade credit," Working Paper Series WP-00-28, Federal Reserve Bank of Chicago.
  53. Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "A comparison of small business finance in two Chicago minority neighborhoods," Proceedings 780, Federal Reserve Bank of Chicago.
  54. Lim, Y. & Townsend, R.M., 1997. "General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies," Papers 9716, Centro de Estudios Monetarios Y Financieros-.
  55. Edward C Prescott & Robert M Townsend, 1997. "General Competitive Analysis in an Economy with Private Information," Levine's Working Paper Archive 1578, David K. Levine.
  56. Edward Simpson Prescott & Robert M. Townsend, 1996. "Theory of the firm: applied mechanism design," Working Paper 96-02, Federal Reserve Bank of Richmond.
  57. Townsend, R., 1996. "Micro Enterprise and Macro Policy," Papers 285, Banca Italia - Servizio di Studi.
  58. Robert M. Townsend, 1994. "Community development banking and Financial Institutions Act: a critique with recommendations," Proceedings 49, Federal Reserve Bank of Chicago.
  59. Townsend, R.M., 1991. "Risk and Insurance in Village India," University of Chicago - Economics Research Center 91-3, Chicago - Economics Research Center.
  60. Townsend, R.M., 1990. "Understanding the Structure of Village and Regional Economies," University of Chicago - Economics Research Center 91-2, Chicago - Economics Research Center.
  61. Robert M. Townsend & Neil Wallace, 1982. "A model of circulating private debt," Staff Report 83, Federal Reserve Bank of Minneapolis.
  62. Robert M. Townsend, 1979. "Optimal contracts and competitive markets with costly state verification," Staff Report 45, Federal Reserve Bank of Minneapolis.
  63. Robert M. Townsend, "undated". "Introduction (Chapter1), "Key Elements and Patterns in Theory and Early European History"," University of Chicago - Population Research Center 93-5, Chicago - Population Research Center.

Articles

  1. Marti Mestieri & Johanna Schauer & Robert Townsend, 2017. "Human Capital Acquisition and Occupational Choice: Implications for Economic Development," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 151-186, April.
  2. Shawn Cole & Xavier Gine & Jeremy Tobacman & Petia Topalova & Robert Townsend & James Vickery, 2013. "Barriers to Household Risk Management: Evidence from India," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 104-135, January.
  3. Samphantharak, Krislert & Townsend, Robert M., 2012. "Measuring the return on household enterprise: What matters most for whom?," Journal of Development Economics, Elsevier, vol. 98(1), pages 58-70.
  4. Archawa Paweenawat & Robert M. Townsend, 2012. "Village Economic Accounts: Real and Financial Intertwined," American Economic Review, American Economic Association, vol. 102(3), pages 441-446, May.
  5. Cynthia Kinnan & Robert Townsend, 2012. "Kinship and Financial Networks, Formal Financial Access, and Risk Reduction," American Economic Review, American Economic Association, vol. 102(3), pages 289-293, May.
  6. Joseph P. Kaboski & Robert M. Townsend, 2012. "The Impact of Credit on Village Economies," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 98-133, April.
  7. Kilenthong, Weerachart T. & Townsend, Robert M., 2011. "Information-constrained optima with retrading: An externality and its market-based solution," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1042-1077, May.
  8. Joseph P. Kaboski & Robert M. Townsend, 2011. "A Structural Evaluation of a Large‐Scale Quasi‐Experimental Microfinance Initiative," Econometrica, Econometric Society, vol. 79(5), pages 1357-1406, September.
  9. John S. Felkner & Robert M. Townsend, 2011. "The Geographic Concentration of Enterprise in Developing Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(4), pages 2005-2061.
  10. Pawasutipaisit, Anan & Townsend, Robert M., 2011. "Wealth accumulation and factors accounting for success," Journal of Econometrics, Elsevier, vol. 161(1), pages 56-81, March.
  11. Robert Townsend, 2010. "Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 507-546, September.
  12. Robert M. Townsend & Kenichi Ueda, 2010. "Welfare Gains From Financial Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(3), pages 553-597, August.
  13. William Jack & Tavneet Suri & Robert M. Townsend, 2010. "Monetary theory and electronic money : reflections on the Kenyan experience," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 96(1Q), pages 83-122.
  14. Townsend, Robert M. & Urzua, Sergio S., 2009. "Measuring The Impact Of Financial Intermediation: Linking Contract Theory To Econometric Policy Evaluation," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S2), pages 268-316, September.
  15. John Felkner & Kamilya Tazhibayeva & Robert Townsend, 2009. "Impact of Climate Change on Rice Production in Thailand," American Economic Review, American Economic Association, vol. 99(2), pages 205-210, May.
  16. Xavier Giné & Robert Townsend & James Vickery, 2008. "Patterns of Rainfall Insurance Participation in Rural India," The World Bank Economic Review, World Bank, vol. 22(3), pages 539-566, October.
  17. Townsend, Robert M., 2008. "Introduction To Macroeconomic Dynamics Special Issue: Inequality," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 149-153, September.
  18. Madeira, Gabriel A. & Townsend, Robert M., 2008. "Endogenous groups and dynamic selection in mechanism design," Journal of Economic Theory, Elsevier, vol. 142(1), pages 259-293, September.
  19. Jeong, Hyeok & Townsend, Robert M., 2008. "Growth And Inequality: Model Evaluation Based On An Estimation-Calibration Strategy," Macroeconomic Dynamics, Cambridge University Press, vol. 12(S2), pages 231-284, September.
  20. Ahlin, Christian & Townsend, Robert M., 2007. "Selection into and across credit contracts: Theory and field research," Journal of Econometrics, Elsevier, vol. 136(2), pages 665-698, February.
  21. Christian Ahlin & RobertM. Townsend, 2007. "Using Repayment Data to Test Across Models of Joint Liability Lending," Economic Journal, Royal Economic Society, vol. 117(517), pages 11-51, February.
  22. Xavier Giné & Robert Townsend & James Vickery, 2007. "Statistical Analysis of Rainfall Insurance Payouts in Southern India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1248-1254.
  23. Hyeok Jeong & Robert Townsend, 2007. "Sources of TFP growth: occupational choice and financial deepening," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(1), pages 179-221, July.
  24. Doepke, Matthias & Townsend, Robert M., 2006. "Dynamic mechanism design with hidden income and hidden actions," Journal of Economic Theory, Elsevier, vol. 126(1), pages 235-285, January.
  25. Edward Simpson Prescott & Robert M. Townsend, 2006. "Firms as Clubs in Walrasian Markets with Private Information," Journal of Political Economy, University of Chicago Press, vol. 114(4), pages 644-671, August.
  26. Anna L. Paulson & Robert M. Townsend & Alexander Karaivanov, 2006. "Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 100-144, February.
  27. Joseph P. Kaboski & Robert M. Townsend, 2005. "Policies and Impact: An Analysis of Village-Level Microfinance Institutions," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 1-50, March.
  28. Aaronson, Daniel & Bostic, Raphael W. & Huck, Paul & Townsend, Robert, 2004. "Supplier relationships and small business use of trade credit," Journal of Urban Economics, Elsevier, vol. 55(1), pages 46-67, January.
  29. Gine, Xavier & Townsend, Robert M., 2004. "Evaluation of financial liberalization: a general equilibrium model with constrained occupation choice," Journal of Development Economics, Elsevier, vol. 74(2), pages 269-307, August.
  30. Paulson, Anna L. & Townsend, Robert, 2004. "Entrepreneurship and financial constraints in Thailand," Journal of Corporate Finance, Elsevier, vol. 10(2), pages 229-262, March.
  31. Robert M. Townsend, 2003. "Microcredit And Mechanism Design," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 468-477, 04/05.
  32. Prescott, Edward Simpson & Townsend, Robert M., 2002. "Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard," Journal of Economic Theory, Elsevier, vol. 103(2), pages 282-310, April.
  33. Robert M. Townsend & Jacob Yaron, 2001. "The credit risk-contingency system of an Asian development bank," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 25(Q III), pages 31-48.
  34. Lehnert, Andreas & Ligon, Ethan & Townsend, Robert M., 1999. "Liquidity Constraints And Incentive Contracts," Macroeconomic Dynamics, Cambridge University Press, vol. 3(1), pages 1-47, March.
  35. Philip Bond & Paul Huck & Sherrie L. W. Rhine & Robert M. Townsend, 1999. "Small business finance in two Chicago minority neighborhoods," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 23(Q II), pages 46-62.
  36. Philip Bond & Paul Huck & Robert M. Townsend, 1999. "How do minorities fund small business start-ups? Two Chicago neighborhoods offer insight," The Region, Federal Reserve Bank of Minneapolis, vol. 13(Sep), pages 10-13,26.
  37. Robert Townsend & Rolf Mueller, 1998. "Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 119-172, January.
  38. Youngjae Lim & Robert Townsend, 1998. "General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 59-118, January.
  39. Robert Townsend, 1997. "Discrimination in Financial Services: How Should We Proceed?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 11(1), pages 215-217, February.
  40. Philip Bond & Robert M. Townsend, 1996. "Formal and informal financing in a Chicago neighborhood," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 20(Jul), pages 3-27.
  41. Robert M. Townsend, 1995. "Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 83-102, Summer.
  42. Townsend, Robert M, 1994. "Risk and Insurance in Village India," Econometrica, Econometric Society, vol. 62(3), pages 539-591, May.
  43. Townsend, Robert M, 1989. "Currency and Credit in a Private Information Economy," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1323-1344, December.
  44. Townsend, Robert M., 1988. "Information constrained insurance : The revelation principle extended," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 411-450.
  45. Townsend, Robert M, 1987. "Economic Organization with Limited Communication," American Economic Review, American Economic Association, vol. 77(5), pages 954-971, December.
  46. Townsend, Robert M., 1987. "Asset-return anomalies in a monetary economy," Journal of Economic Theory, Elsevier, vol. 41(2), pages 219-247, April.
  47. Townsend, Robert M, 1987. "Models as Economies," Economic Journal, Royal Economic Society, vol. 98(390), pages 1-24, Supplemen.
  48. Prescott, Edward C & Townsend, Robert M, 1984. "General Competitive Analysis in an Economy with Private Information," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 1-20, February.
  49. Prescott, Edward C & Townsend, Robert M, 1984. "Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard," Econometrica, Econometric Society, vol. 52(1), pages 21-45, January.
  50. Townsend, Robert M, 1983. "Forecasting the Forecasts of Others," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 546-588, August.
  51. Townsend, Robert M., 1983. "Theories of intermediated structures," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 18(1), pages 221-272, January.
  52. Townsend, Robert M, 1983. "Financial Structure and Economic Activity," American Economic Review, American Economic Association, vol. 73(5), pages 895-911, December.
  53. Townsend, Robert, 1983. "Reply to John long's comments," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 18(1), pages 279-280, January.
  54. Townsend, Robert M, 1982. "Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1166-1186, December.
  55. Harris Milton & Townsend, Robert M, 1981. "Resource Allocation under Asymmetric Information," Econometrica, Econometric Society, vol. 49(1), pages 33-64, January.
  56. Townsend, Robert M., 1979. "Optimal contracts and competitive markets with costly state verification," Journal of Economic Theory, Elsevier, vol. 21(2), pages 265-293, October.
  57. Townsend, Robert M, 1978. "Market Anticipations, Rational Expectations, and Bayesian Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 481-494, June.
  58. Townsend, Robert M, 1978. "On the Optimality of Forward Markets," American Economic Review, American Economic Association, vol. 68(1), pages 54-66, March.
  59. Townsend, Robert M., 1977. "The eventual failure of price fixing schemes," Journal of Economic Theory, Elsevier, vol. 14(1), pages 190-199, February.

Books

  1. Townsend, Robert M., 2011. "Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand," OUP Catalogue, Oxford University Press, number 9780199533237.
  2. Samphantharak,Krislert & Townsend,Robert M., 2010. "Households as Corporate Firms," Cambridge Books, Cambridge University Press, number 9780521195829, October.

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Co-authorship network on CollEc

Featured entries

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NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 41 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-DEV: Development (10) 2004-08-16 2004-10-30 2005-04-03 2005-04-03 2005-10-29 2007-10-06 2007-12-15 2009-07-11 2011-01-16 2012-01-25. Author is listed
  2. NEP-SEA: South East Asia (7) 2005-04-03 2012-01-25 2013-06-16 2013-07-15 2013-12-29 2015-01-31 2021-04-05. Author is listed
  3. NEP-AGR: Agricultural Economics (6) 2007-10-06 2007-12-15 2010-11-06 2011-01-23 2013-07-15 2020-12-21. Author is listed
  4. NEP-IAS: Insurance Economics (6) 2007-10-06 2007-12-15 2009-07-11 2010-11-06 2011-01-23 2020-12-21. Author is listed
  5. NEP-MFD: Microfinance (6) 2004-08-16 2009-07-11 2010-11-06 2011-01-16 2011-01-23 2013-12-29. Author is listed
  6. NEP-CTA: Contract Theory and Applications (5) 2010-04-24 2010-12-18 2013-11-16 2013-11-16 2014-05-17. Author is listed
  7. NEP-CWA: Central and Western Asia (5) 2007-10-06 2007-12-15 2009-07-11 2011-01-23 2021-03-29. Author is listed
  8. NEP-DGE: Dynamic General Equilibrium (5) 2002-07-04 2002-07-04 2005-04-03 2014-05-17 2015-01-31. Author is listed
  9. NEP-MAC: Macroeconomics (5) 2013-11-16 2015-01-31 2017-10-15 2018-04-16 2021-04-05. Author is listed
  10. NEP-BAN: Banking (3) 2010-04-04 2016-06-04 2019-05-13
  11. NEP-FDG: Financial Development and Growth (3) 2019-05-13 2021-03-29 2021-04-05
  12. NEP-MIC: Microeconomics (3) 2004-12-20 2006-01-01 2020-06-08
  13. NEP-ACC: Accounting and Auditing (2) 2004-12-20 2017-10-15
  14. NEP-BEC: Business Economics (2) 2005-04-03 2010-04-04
  15. NEP-CBA: Central Banking (2) 2016-04-04 2016-05-08
  16. NEP-COM: Industrial Competition (2) 2016-04-16 2020-06-08
  17. NEP-EEC: European Economics (2) 2010-04-04 2024-06-17
  18. NEP-ENT: Entrepreneurship (2) 2004-09-12 2005-04-03
  19. NEP-EXP: Experimental Economics (2) 2009-07-11 2011-01-16
  20. NEP-NET: Network Economics (2) 2020-12-21 2022-08-29
  21. NEP-PAY: Payment Systems and Financial Technology (2) 2017-10-15 2020-06-08
  22. NEP-URE: Urban and Real Estate Economics (2) 2013-11-16 2021-04-05
  23. NEP-CMP: Computational Economics (1) 2005-04-03
  24. NEP-CNA: China (1) 2019-05-13
  25. NEP-EFF: Efficiency and Productivity (1) 2005-10-29
  26. NEP-EUR: Microeconomic European Issues (1) 2024-06-17
  27. NEP-FMK: Financial Markets (1) 2013-12-29
  28. NEP-GEO: Economic Geography (1) 2021-04-05
  29. NEP-HEA: Health Economics (1) 2012-01-25
  30. NEP-IFN: International Finance (1) 2016-04-16
  31. NEP-IND: Industrial Organization (1) 2003-09-08
  32. NEP-KNM: Knowledge Management and Knowledge Economy (1) 2006-01-01
  33. NEP-LAB: Labour Economics (1) 2024-06-17
  34. NEP-MST: Market Microstructure (1) 2019-07-29
  35. NEP-PKE: Post Keynesian Economics (1) 2016-05-08
  36. NEP-REG: Regulation (1) 2016-04-16
  37. NEP-RMG: Risk Management (1) 2009-07-11
  38. NEP-TRA: Transition Economics (1) 2019-05-13

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