Published Papers
“The Impact of
Entrepreneur Characteristics and Bankruptcy Rules on Firm Performance,” Neus Herranz,
“The Effect of Financial Repression and Enforcement on Entrepreneurship and Economic Development,” António Antunes, Tiago Cavalcanti and Anne Villamil.
“Enforcement and Credit Rationing,”
“Edward C. Prescott’s Contributions to
Economics”, with Stephen Parente, Economic
Theory, 32, 2007, 1-5
“Computing General Equilibrium Models with Occupational Choice and Financial Frictions,” with António Antunes and Tiago Cavalcanti, Journal of Mathematical Economics, forthcoming.
“The Modigliani-Miller
Theorem,” The New Palgrave Dictionary
of Economics, Steven Durlauf and
“Do Lack of Transparency and Enforcement Undermine International Risk-sharing?,” (with Elizabeth Asiedu and Yi Jin), Annals of Finance, 2, 2006, 123-140.
“Debt Contracts and Cooperative Improvements,”
with
“Capital Accumulation and Allocation in Economic Growth,” Quarterly Review of Economics and Finance, 43, 2003, 583-592.
“Optimal Contracts when Enforcement is a Decision Variable: Reply,” with Stefan Krasa, Econometrica, 71, 2003, 390-393. Download the paper.
“The Optimal Inflation Tax and Structural Reform,” with Tiago Cavalcanti, Macroeconomic Dynamics, 7(3), 2003, 333-362.
“Imperfect Enforcement, Foreign Investment, and Foreign Aid,” with Elizabeth Asiedu, Macroeconomic Dynamics, 6, 2002, 476-495.
“Intertemporal Pricing in Laboratory Posted Offer Markets with Differential Information,” with Aldo Rustichini, Economic Theory, 43(4), 2000, 132-156. Reprinted in Advances in Experimental Markets, Cason and Noussair (eds.), Studies in Economic Theory 15, Springer Verlag 2001.
“Optimal Contracts when Enforcement is a Decision Variable,” with Stefan Krasa, Econometrica 4, 68, 119-134, 2000. Download the paper.
“Discount Factors and Thresholds: Foreign Investment When Enforcement is Imperfect,” with Elizabeth Asiedu, Macroeconomic Dynamics, 4(1), 2000, 1-34.
“Government Borrowing Using Bonds with Randomly Determined Returns: Welfare Improving Randomization in the Context of Deficit Finance,” with Bruce Smith, Journal of Monetary Economics, 41, 351-370, 1998.
“Intertemporal Pricing in Markets with Differential Information,” with Aldo Rustichini, Economic Theory, 8, 1996, 211-227.
“Optimal Multilateral Contracts,” with Stefan Krasa, Economic Theory, 4, 167-187, 1994.
“Monitoring the Monitor: An Incentive Structure for a Financial Intermediary,” with Stefan Krasa, Journal of Economic Theory, 57, 197-221, 1992.
“A Theory of Optimal Bank Size,”
with Stefan Krasa,
“Loan Rationing by Size in Commercial Loan Markets,” with S. L. Schreft, Federal Reserve Bank of Richmond, Economic Review, Vol. 78(3), 1992, 3-8.
“Demand Deposit Contracts, Suspension of Convertibility, and Optimal Financial Intermediation,” Economic Theory, Vol. 3, 1991, 277-289.
“Price Discriminating Monetary Policy: A Non-uniform Pricing Approach,” Journal of Public Economics, Vol. 35, 1988, 385-92.
“Market Power in Oral Double Auctions,” with C. A. Holt and L. W. Langan, Economic Inquiry, Vol. 24, 1986, 107-123.
“A Laboratory Experiment with a Single-Person Cobweb,” with C. A. Holt, Atlantic Economic Journal, Vol. 14(2), 1986, 51-54.