Publications & Papers by Robert M. Townsend

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Targeting Credit and Insurance: Efficiency, Mechanism Design, and Program Evaluation

World Bank discussion paper #47, Education and Social Policy Department
Mansoora Rashid, Robert M. Townsend
November 1994
Econometrica

Risk and Insurance in Village India

Econometrica 62(3): 539-591
Robert M. Townsend
May 1994

Community Development Banking and Financial Institutions Act: A Critique with Recommendations

Chapter In The Declining Role of Banking, Proceedings of The 30th Annual Conference on Bank Structure and Competition, Federal Reserve Bank of Chicago, 538-546
Robert M. Townsend
May 1994
The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models

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The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models

Princeton University Press
Robert M. Townsend
July 1993

Asymmetric Information in General Equilibrium Models

Chapter in In General Equilibrium 40th Anniversary Conference, CORE, 126-134
Robert M. Townsend
June 1993

Understanding the Structure of Village and Regional Economies

Chapter in: Contract Economics, Basil Blackwell, Oxford, Lars Werin and Hans Wijkander (eds): 114-148
Robert M. Townsen
October 1992

Computing Multiperiod Information Constrained Optima

Review of Economic Studies 58(5): 853-883
Christopher Phelan, Robert M. Townsend
October 1991
Financial Structure and Economic Organization

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Financial Structure and Economic Organization

Basil Blackwell Inc.
Robert M. Townsend
January 1990

Comment on Paper by Davis and Haltiwanger

Chapter in Macroeconomics Annual, Olivier Jean Blanchard and Stanley Fischer, eds., MIT Press
Robert M. Townsend
January 1990
Journal of Political Economy

Currency and Credit in a Private Information Economy

Journal of Political Economy 97(6): 1323-1345
Robert M. Townsend
December 1989
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Information Constrained Insurance: the Revelation Principle Extended

Journal of Monetary Economics 21(2/3): 411-450
Robert M. Townsend
March 1988
The Economic Journal

Models as Economies

The Economic Journal 98(390): 1-24, the Frank Paish Lecture
Robert M. Townsend
March 1988
American Economic Review

Economic Organization with Limited Communication

American Economic Review 77(5): 954-970
Robert M. Townsend
December 1987

Arrow-Debreu Programs as Microfoundations for Macroeconomics

Chapter in: Advances in Economic Theory: The Fifth World Congress, Truman F. Bewley, ed., Cambridge University Press
Robert M. Townsend
November 1987
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Asset Return Anomalies in a Monetary Economy

Journal of Economic Theory 41(5): 219-47
Robert M. Townsend
April 1987

Circulating Private Debt: An Example with a Coordination Problem

Chapter in: In Contractual Arrangements for Intertemporal Trade, Edward C. Prescott and Neil Wallace, eds., University of Minnesota Press
Robert M. Townsend, Neil Wallace
January 1987

Taking Pure Theory to Data: Arrow's Seminal Contribution

Chapter in: Arrow and the Ascent of Modern Economic Theory, George Feiwel, ed., Macmillan
Robert M. Townsend
January 1987

Financial Structures as Communication Systems

Chapter in: Technological Innovations and the Monetary Economy, Collin Lawrence and Robert Shay, eds., Ballinger, subsidy of Harper & Row: 163-178
Robert M. Townsend
January 1986