Robert M. Townsend

Robert M. Townsend's AcademicInfluence.com Rankings

Robert M. Townsend

Economics

#654

World Rank

#790

Historical Rank

#376

USA Rank

Macroeconomics

#140

World Rank

#149

Historical Rank

#67

USA Rank

economics Degrees

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Economics

Why Is Robert M. Townsend Influential?

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According to Wikipedia, Robert Morris Townsend is an American economist and professor; he is the Elizabeth & James Killian Professor of Economics at Massachusetts Institute of Technology. Prior to joining MIT, he was the Charles E. Merriam Distinguished Service Professor in the Department of Economics at the University of Chicago where he remained a research associate until 2018.

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Robert M. Townsend's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

World development report 2008 : agriculture for development (2008) (3854)
Optimal contracts and competitive markets with costly state verification (1979) (3198)
Risk and Insurance in Village India (1994) (2652)
Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies (1995) (721)
Barriers to Household Risk Management: Evidence from India. (2010) (689)
Patterns of Rainfall Insurance Participation in Rural India (2007) (593)
Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard (1984) (565)
Forecasting the Forecasts of Others (1983) (495)
Resource Allocation under Asymmetric Information (1981) (452)
Computing Multi-Period, Information-Constrained Optima (1991) (346)
Using Repayment Data to Test Across Models of Joint Liability Lending (2007) (342)
Entrepreneurship and financial constraints in Thailand (2004) (299)
Sources of TFP growth: occupational choice and financial deepening (2005) (283)
A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative (2008) (282)
Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information (1982) (279)
POLICIES AND IMPACT: AN ANALYSIS OF VILLAGE-LEVEL MICROFINANCE INSTITUTIONS (2005) (279)
The Impact of Credit on Village Economies. (2012) (270)
General Competitive Analysis in an Economy with Private Information (1984) (241)
Evaluation of Financial Liberalization: A General Equilibrium Model with Constrained Occupation Choice (2003) (238)
Financial Systems in Northern Thai Villages (1995) (213)
Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation (2003) (208)
Barriers to Household Risk Management : Evidence from India (2012) (195)
Kinship and Financial Networks, Formal Financial Access, and Risk Reduction (2012) (189)
Economic Organization with Limited Communication (1987) (178)
Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship (2006) (177)
Market Anticipations, Rational Expectations, and Bayesian Analysis (1978) (130)
Dynamic Mechanism Design with Hidden Income and Hidden Actions (2002) (130)
Intermediation with Costly Bilateral Exchange (1978) (126)
Statistical Analysis of Rainfall Insurance Payouts in Southern India (2007) (124)
General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies☆☆☆ (1998) (124)
Currency and Credit in a Private Information Economy (1989) (108)
Identifying Constraints to Financial Inclusion and Their Impact on GDP and Inequality: A Structural Framework for Policy (2015) (106)
Financial Structure and Economic Activity (1983) (105)
The Great Equalizer: Health Care Access and Infant Mortality in Thailand. (2014) (103)
Information constrained insurance: The revelation principle extended (1988) (102)
Monetary Theory and Electronic Money: Reflections on the Kenyan Experience (2010) (98)
Microinsurance: A Case Study of the Indian Rainfall Index Insurance Market (2010) (97)
Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes (2013) (92)
Heterogeneity and Risk Sharing in Village Economies (2011) (79)
IMPACT OF CLIMATE CHANGE ON RICE PRODUCTION IN THAILAND. (2009) (79)
No Bank, One Bank, Several Banks: Does it Matter for Investment? (2010) (75)
Ending poverty and hunger by 2030 : an agenda for the global food system (2015) (72)
Asset-return anomalies in a monetary economy (1987) (64)
GROWTH AND INEQUALITY: MODEL EVALUATION BASED ON AN ESTIMATION-CALIBRATION STRATEGY (2003) (63)
Selection into and across credit contracts: Theory and field research (2007) (62)
Welfare Gains from Financial Liberalization (2007) (61)
Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting (2009) (60)
The Credit Risk-Contingency System of an Asian Development Bank (2001) (59)
The Geographic Concentration of Enterprise in Developing Countries. (2011) (57)
Supplier Relationships and Small Business Use of Trade Credit (2000) (56)
Formal and Informal Financing in a Chicago Ethnic Neighborhood (1996) (56)
The Impacts of Credit on Village Economies (2009) (55)
Formal and informal financing in a Chicago neighborhood (1996) (55)
Financial constraints and entrepreneurship: Evidence from the Thai financial crisis (2005) (53)
The eventual failure of price fixing schemes (1977) (50)
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP and Inequality (2015) (50)
The medieval village economy : a study of the Pareto mapping in general equilibrium models (1994) (48)
Firms as Clubs in Walrasian Markets with Private Information (2000) (48)
Wealth Accumulation and Factors Accounting for Success. (2011) (47)
Advances in Economic Theory: Arrow-Debreu programs as microfoundations of macroeconomics (1987) (46)
Small business finance in two Chicago minority neighborhoods (1999) (46)
The Economics of Bank Supervision (2016) (46)
Theories of intermediated structures (1983) (43)
Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups (1998) (42)
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income (2015) (41)
Future of food : shaping the food system to deliver jobs (2017) (38)
Rise of Bank Competition: Evidence from Banking Deregulation in China (2019) (38)
Financial Systems in Developing Economies: Growth, Inequality and Policy Evaluation in Thailand (2011) (36)
Implementing agriculture for development : World Bank Group agriculture action plan (2013-2015) (2013) (33)
Sampling design for an integrated socioeconomic and ecological survey by using satellite remote sensing and ordination. (2004) (33)
The measurement of productive efficiency in UK building societies (1995) (33)
Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard (2002) (32)
Future of Food : Harnessing Digital Technologies to Improve Food System Outcomes (2019) (32)
MICROCREDIT AND MECHANISM DESIGN (2003) (32)
Barriers to Household Risk Management: Evidence from India (2012) (32)
LIQUIDITY CONSTRAINTS AND INCENTIVE CONTRACTS (1999) (30)
Rational Expectations? Evidence from Planting Decisions in Semi-Arid India (2007) (30)
An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing. (2014) (29)
Models as Economies (1988) (29)
ADVERSE SELECTION AND MORAL HAZARD (1984) (28)
Transitional Growth with Increasing Inequality and Financial Deepening (2001) (28)
Future of food : shaping the global food system to deliver improved nutrition and health (2016) (28)
Risk and Return in Village Economies (2013) (26)
Households as Corporate Firms: Constructing Financial Statements from Integrated Household Surveys (2006) (26)
Curbing Shocks to Corporate Liquidity: The Role of Trade Credit (2016) (25)
Demand and Reimbursement Effects of Healthcare Reform: Health Care Utilization and Infant Mortality in Thailand (2012) (25)
Future of food : shaping a climate-smart global food system (2015) (24)
Future of Food (2018) (20)
Measuring the Return on Household Enterprise: What Matters Most for Whom? (2012) (19)
Information-constrained optima with retrading: An externality and its market-based solution (2010) (19)
Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics. (2010) (19)
Economic development, flow of funds, and the equilibrium interaction of financial frictions (2013) (19)
Barriers to Household Risk Management (2012) (18)
Private Information and Intertemporal Job Assignments (2006) (17)
Allocation Mechanisms, Asymmetric Information and the ‘Revelation Principle’ (1985) (17)
Households as Corporate Firms (2010) (16)
Food security and conflict (2010) (16)
On the Optimality of Forward Markets (1978) (16)
Individual forecasting and aggregate outcomes: Equilibrium theory with learning and disparate expectations: some issues and methods (1984) (15)
Distinguishing limited commitment from moral hazard in models of growth with inequality (2003) (15)
Transmission of global food prices to domestic prices in developing countries : why it matters, how it works, and why it should be enhanced (2012) (14)
Human Capital Acquisition and Occupational Choice: Implications for Economic Development. (2017) (13)
- 1-Safety Nets and Financial Institutions in the Asian Crisis : the Allocation of Within-Country Risk (2002) (13)
Distributed Ledgers (2020) (13)
Theory of the Firm: Applied Mechanism Design (1996) (12)
Heterogeneity and Risk Sharing in Thai Villages (2010) (12)
Market Based, Segregated Exchanges in Securities with Default Risk (2009) (12)
A model of circulating private debt (1982) (12)
An Evaluation of Safety Nets and Financial Institutions in Crisis and Growth * (2004) (12)
Village and Larger Economies: The Theory and Measurement of the Townsend Thai Project. (2016) (11)
Bank and Non-bank Financial Intermediation (2003) (11)
Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities (2014) (11)
Endogenous groups and dynamic selection in mechanism design (2008) (10)
Financial Deepening , Growth , and Inequality : A Structural Framework for Developing Countries (2014) (10)
Testing a Structural Model of Credit Constraints Using a Large-Scale Quasi-Experimental Micro fi nance Initiative (2007) (10)
Villages as Small Open Economies (2011) (10)
The World Bank economic review 22 (3) (2001) (10)
Financial structure and economic organization : key elements and patterns in theory and history (1990) (9)
Discovering the Sources of TFP Growth: Occupation Choice, Capital Heterogeneity, and Financial Deepening (2004) (9)
MEASURING THE IMPACT OF FINANCIAL INTERMEDIATION: LINKING CONTRACT THEORY TO ECONOMETRIC POLICY EVALUATION (2009) (9)
Family Firms, Bank Relationships, and Financial Constraints: A Comprehensive Score Card (2018) (9)
A Market Based Solution to Price Externalities: A Generalized Framework (2014) (9)
Economic Development and the Equilibrium Interaction of Financial Frictions (2014) (9)
Distributed Ledgers : Innovation and Regulation in Financial Infrastructure and Payment Systems ” (2019) (8)
Microenterprise and macropolicy (1997) (8)
Barriers to Household Risk Management: Evidence from India (2010) (7)
From Micro to Macro Development (2021) (7)
Credit, Intermediation, and Poverty Reduction (2006) (7)
Financial Systems in Developing Economies (2011) (7)
Financial Deepening, Inequality, and GrowthA Model-Based Quantitative Evaluation (2003) (7)
A Market-Based Solution for Fire Sales and Other Pecuniary Externalities (2016) (7)
Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks (2019) (6)
Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models ∗ (2008) (6)
Micro Enterprise and Macro Policy (1996) (6)
Rainfall Insurance in Semi-Arid India: Contract Design, Household Participation and Future Prospects (2009) (6)
Village Economic Accounts: Real and Financial Intertwined (2012) (6)
The Thai Economy: Growth, Inequality, Poverty, and the Evaluation of Financial Systems (2006) (5)
Market Based, Segregated Exchanges with Default Risk (2007) (5)
The Impact of Climate Change on Rice Yields : Heterogeneity and Uncertainty (2012) (5)
Insurance and Propagation in Village Networks (2019) (5)
Financial Obstacles and Inter-Regional Flow of Funds : Limited Commitment and Moral Hazard ∗ (2013) (5)
Portfolio choices and risk preferences in village economies (2013) (5)
Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation (2017) (5)
The Economics of Bank Supervision: So Much to Do, So Little Time (2016) (5)
A Window of Opportunities for Poor Farmers (2008) (5)
How do minorities fund small business start-ups? Two Chicago neighborhoods offer insight (1999) (5)
Financial Deepening, Inequality, and Growth (2003) (5)
Chronicles from the Field: The Townsend Thai Project (2013) (5)
Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk (2018) (5)
Discrimination in Financial Services: How Should We Proceed? (1997) (5)
Heterogeneity and risk sharing in village economies Quantitative Economics (2014) (5)
INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE: INEQUALITY (2008) (4)
The Impact of Regional Isolationism: Disentangling Real and Financial Factors (2019) (4)
Enhanced Informal Networks: Costly State Verification and the Village Fund Intervention (2020) (4)
Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes (2022) (4)
Removing Financial Bottlenecks to Labor Productivity in Thailand (1999) (4)
Branch Expansion versus Digital Banking: The Dynamics of Growth and Inequality in a Spatial Equilibrium Model (2021) (4)
Community development banking and Financial Institutions Act: a critique with recommendations (1994) (4)
Liquidity, Financial Centrality, and the Value of Key Players (2022) (4)
Impact of the Introduction of Sectoral Minimum Wages on Low Wage Markets in a Low Income Country: Evidence from South Africa” (2007) (4)
Inequality, Risk Sharing, and the Boundaries of Collective Organization (2000) (4)
Who Sees the Trades? The Effect of Information on Liquidity in Inter-Dealer Markets (2019) (4)
Spatial Competition among Financial Service Providers and Optimal Contract Design (2014) (4)
Understanding the Structure of Village and Regional Economies (1990) (4)
Mechanism Design and Assignment Models (2003) (3)
Optimal Design of Tokenized Markets (2021) (3)
Small-business access to trade credit: some evidence of ethnic differences (2000) (3)
The Village Money Market Revealed: Credit Chains and Shadow Banking (2018) (3)
" Resource Allocation under Asymmetric Information " , joint with Milton Harris , Econometrica (1981) (3)
Financial Centrality and Liquidity Provision (2018) (3)
Optimal Contracting and Spatial Competition among Financial Service Providers (2018) (3)
The economics of platforms in a Walrasian framework (2020) (2)
PUBLIC OWNERSHIP AND ANTI-PREEMPTION∗ (2020) (2)
Impact of climate change on rice production in Southeast Asia: Towards better farmer production functions (2009) (2)
Expansion of Spanish Banks: Distance Costs and Proximity Gains (2012) (2)
Field Systems and Demesne Farming on the Wiltshire Estates of Saint Swithun's Priory, Winchester, I248-134o* (2006) (2)
Financial Markets and Poverty : An Algorithm for Policy-based Research and Research-based Policy (2006) (2)
A Window of Opportunities for Poor Farmers : Investing for long-term food supply (2009) (2)
[Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications]: Comment (1990) (2)
Accounting for the Poor (2013) (2)
Rent-Seeking Platforms (2021) (1)
Renting for Development (2016) (1)
Price Fixing Schemes and Optimal Buffer Stock Policies (1974) (1)
RISK AND RETURN IN VILLAGE ECONOMIES Krislert Samphantharak (2013) (1)
Propagation and Insurance in Village Networks (2022) (1)
Evaluating the Impact of Financial Services in Mexico : A Proposal using a Structural Equilibrium Approach (2009) (1)
Kinship Networks Enhanced by a Formal Financial Intervention: Costly State Verification and the Thai Village Fund (2022) (1)
Tiered Intermediation in Business Groups and Targeted SME Supports (2020) (1)
Firm Dynamics and Finance: Distinguishing Information Regimes (2006) (1)
Zero Settlement Risk Token Systems (2021) (1)
Firm Entry and Finance: Distinguishing Information Regimes (2005) (1)
Households as Corporate Firms: Household Surveys (2009) (1)
Access to Credit and Productivity (2019) (1)
Endogenous Liquidity and Interdealer Trading in Over-The-Counter Markets ∗ (2018) (1)
SUPPLEMENT TO “DYNAMIC FINANCIAL CONSTRAINTS: DISTINGUISHING MECHANISM DESIGN FROM EXOGENOUSLY (2014) (1)
Essays on financial institutions (2015) (0)
Integrated Micro–Macro Models with Dual Financial Sectors (2011) (0)
Volume Information (1990) (0)
Optimal Credit Scores Under Adverse Selection (2022) (0)
Disparities among Regional Economies: Spatial (Dis)Aggregation (2011) (0)
Neoclassical Benchmarks and Anomalies for Those with Access (2011) (0)
2 Theory 2 . 1 Sharing wage risk : an introductory example (2012) (0)
By Daron Acemoglu, Michael Golosov, and Aleh Tsyvinski1 (2008) (0)
Applied Mechanism Design (1997) (0)
Essays on markets under uncertainty (1975) (0)
A . REMOVING FINANCIAL BOTTLENECKS TO LABOR PRODUCTIVITY 1 (1998) (0)
Replication data for: Risk and Return in Village Economies (2019) (0)
Branch Location Strategies and Financial Service Access in Thai Banking (2021) (0)
Appendix: Examples of Financial Statements (2009) (0)
14.772 Development Economics: Macroeconomics, Spring 2009 (2009) (0)
Obstacles to Trade, Enhanced Models of Selection, and the Impact of Policy Variation (2011) (0)
Taking Pure Theory to Data: Arrow’s Seminal Contribution (1987) (0)
Working Paper 96-2 Theory of the Firm : ¤ Applied Mechanism Design (1996) (0)
The Impact of Climate Change on Rice Yields: the Importance of Heterogeneity and Family Networks (2012) (0)
1 " Risk and Return in Village Economies (2013) (0)
Equilibrium Models of Tacit Collusion in Oligopoly Experiments with Price-setting Firms Equilibrium Models of Tacit Collusion in Oligopoly Experiments with Price-setting Firms* (2009) (0)
Bank Branch Expansion vs International Capital Flows : Integrating Local Spatial Markets with Macro Aggregates (2016) (0)
Replication Data for: Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation (2017) (0)
Digitized by the Internet Archive in 2011 with Funding from Boston Library Consortium Iviember Libraries Economy of Mechanisms Mechanisms* (2011) (0)
SERIES DISTINGUISHING CONSTRAINTS ON FINANCIAL INCLUSION AND THEIR IMPACT ON GDP , TFP , AND THE DISTRIBUTION OF INCOME Era (2019) (0)
Title : Measuring the Impact of Financial Intermediation : Linking Contract Theory (2009) (0)
Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality (2023) (0)
Growth, Inequality, Poverty, and Financial Deepening (2011) (0)
Impacts: Experimental and Econometric Program Evaluations (2011) (0)
Increased Efficiency for Canadian Retirement Investment (2015) (0)
NBER WORKING PAPER SERIES DISTINGUISHING CONSTRAINTS ON FINANCIAL INCLUSION AND THEIR IMPACT ON GDP AND INEQUALITY Era Dabla-Norris (2014) (0)
Incomplete Forward Markets in a Pure Exchange Economy with Stochastic Endowments (1974) (0)
Discussion: Measurement and Modeling (2009) (0)
Households as Corporate Firms: Introduction (2009) (0)
Welfare Gain of Financial Liberalization (2006) (0)
Supplement to 'Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income' (2020) (0)
Moral Hazard, Retrading, Externality, and Its Solution (2009) (0)
Volume Information (1987) (0)
Conceptual Frameworks for Measurement (2011) (0)
Volume Information (1987) (0)
Liquidity Constraints, Kinship Networks, and the Financing of Household Investment (2009) (0)
Reply to John long's comments (1983) (0)
An Application: Liquidity Constraints, Kiinship Networks, and the Financing of Household Investment (2009) (0)
Driving Forces: Occupation, Financial Access, Education (2011) (0)
Nandlal P. Tolani Senior Professor of Trade Policy International Professor of Applied Economics and Management (2009) (0)
The Village Money Market Revealed: Financial Access and Credit Chain Links Between Formal and Informal Sectors (2022) (0)
An examination of the relationship between Australian Council e-Tender spend and executive strategy: an institutional approach (2018) (0)
Micro Kuznets and Macro TFP Decompositions (2011) (0)
Constructing Household Financial Statements from a Household Survey (2009) (0)
Risk and Return in Networked Village Economies (2011) (0)
Volume Information (1990) (0)

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