Robert M. Townsend, 1948-

Major Works of Robert M. Townsend

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• "Intermediation with Costly Bilateral Exachange", 1978, RES
• "Market Anticipations, Rational Expectations and Bayesian Analysis", 1978, IER
• "Optimal Contracts and Competitive Markets with Costly State Verification", 1979, JET
• "Models of Money with Spatially Separated Agents", 1980, in Kareken and Wallace, editors, Models of Monetary Economies
• "Resource Allocation under Asymmetric Information", with M. Harris, 1981, Econometrica
• "Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information", 1982, JPE
• "Financial Structure and Economic Activity", 1983, AER
• "Forecasting the Forecasts of Others", 1983, JPE
• "Equilibrium Theory with Disparate Expectations and Learning: Some issues and methods", 1983, in Phelps and Frydman, editors, Individual Forecasts and Aggregate Outcomes.
• "Theories of Intermediated Structures", 1983, CROCH
• "General Competitive Equilibria Analysis in an Economy with Private Information", with E.C. Prescott, 1984, IER
• "Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard", with E.C. Prescott, 1984, Econometrica
• "Asset Return Anomalies in a Monetary Economy", 1987, JET
• "Circulating Private Debt: An example with a coordination problem", with N. Wallace, 1987, in Prescott and Wallace, editors, Contractual Arrangements for Intertemporal Trade
• "Economic Organization with Limited Communication", 1987, AER
• Financial Structure and Economic Organization, 1990.

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