Publications

Jacob Marschak 2007 Memorial Lecture Presentation: "Evaluating the Financial Systems of Emerging Market Economies," presented at LACEA-LAMES in Bogotá, Colombia, October 5th, 2007 [PPT]

"Statistical Analysis of Rainfall Insurance Payouts in Southern India," with Xavier Giné and James Vickery, American Journal of Agricultural Economics 89 (5), 1248–1254. (December 2007) [LINK]

"Introduction to Macroeconomic Dynamics Special Issue on Inequality," forthcoming

"Using Repayment Data to Test Across Models of Joint Liability Lending," with Christian Ahlin, Economic Journal, Vol. 117, pp. F11-F51, February 2007 [LINK]

"Growth and Inequality: Model Evaluation Based on an Estimation-Calibration Strategy," with Hyeok Jeong, forthcoming in Macroeconomic Dynamics Special Issue on Inequality (2007) [LINK]

"Sources of TFP Growth: Occupational Choice and Financial Deepening," with Hyeok Jeong, forthcoming 2007 in Economic Theory, special issue honoring Edward Prescott. [LINK]

"Firms as Clubs in Walrasian Markets with Private Information," with Edward Simpson Prescott, Journal of Political Economy August 2006 (vol. 114, no. 4) [LINK]

"Financial Markets and Poverty: An Algorithm for Policy-based Research and Research-based Policy," Chapter 1 in proceedings of 2004 Inter-American Development Bank conference [LINK]

"Distinguishing Limited Liability from Moral Hazard in a Model of Entrepreneurship," with Anna L. Paulson and Alex Karaivanov, Journal of Political Economy (2006) Vol. 114. No. 1, pp. 100 -144 [PDF] [LINK]

"Credit, Intermediation and Poverty Reduction," in Understanding Poverty, Abhijit Banerjee, Roland Benabou, Dilip Mookherjee, eds.; forthcoming, Oxford University Press, 2006 [LINK]

"Dynamic Mechanism Design with Hidden Income and Hidden Auctions," with Matthias Doepke, Journal of Economic Theory 126 (2006) pp. 235-285 [LINK]

"Selection Into and Across Credit Contracts: Theory and Field Research," with Christian Ahlin, Journal of Econometrics 126 (2006) [LINK]

"Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation", with Kenichi Ueda, Review of Economic Studies Volume 73, Issue 1, pp. 251-293, January 2006 [LINK]

"Private Information and Intertemporal Job Assignments," with Edward Simpson Prescott, Review of Economic Studies (2006), Volume 73, Issue 2, pp. 531-548 [LINK]

"Financial constraints and entrepreneurship: Evidence from the Thai financial crisis," with Anna L. Paulson, (2005) Economic Perspectives, Third Quarter 2005, Vol. 29, Federal Reserve Bank of Chicago, pp. 34-48 [LINK]

"Networks and Finance in Ethnic Neighborhoods," Chapter 7 in Credit Markets for the Poor, Patrick Bolton and Howard Rosenthal, eds., (2005) Russell Sage Foundation, New York: New York, ISBN 0-87154-132-7, pp. 179-198 [LINK]

"Policies and Impact: An Evaluation of Village-Level Microfinance Institutions," with Joseph P. Kaboski, Journal of the European Economic Association January 2005, vol. 3, no. 1, pp. 1-50 (50) [LINK]

"Sampling design for an integrated socioeconomic and ecological survey by using satellite remote sensing and ordination," with Michael W. Binford and Tae Jeong Lee, Proceedings of the National Academy of Sciences, Vol. 101, No. 31, August 3, 2004, pp. 11517-11522 [LINK]

"Entrepreneurship and financial constraints in Thailand," with Anna L. Paulson, Journal of Corporate Finance 10 (2004), pp. 229-262 [LINK]

"Evaluation of Financial Liberalization: A general equilibrium model with constrained occupation choice", with Xavier Giné; Journal of Development Economics 74 (2004), pp. 269-304 [LINK]

"Micro Credit and Mechanism Design," Journal of the European Economic Association, 2003, vol. 1, issue 2, pages 468-477 [LINK]

"Inequality, Risk Sharing, and the Boundaries of Collective Organizations", with Edward Prescott, Journal of Economic Theory, Volume 103, Issue 2 , April 2002, Pages 282-310

"The Credit Risk Contingency System of an Asian Development Bank", with Jacob Yaron, manuscript, Economic Perspectives, 2001

"Liquidity Constraints and Incentive Contracts", joint with Andreas Lehnert and Ethan Ligon, Macroeconomic Dynamics, 3, 1999, 1-47.

"Small Business Finance in Two Chicago Minority Neighborhoods", with Paul Huck, Sherrie L. W. Rhine and Philip Bond, Economic Perspectives, Second Quarter 1999, Federal Reserve Bank of Chicago.

"Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups", with Rolf Mueller, Review of Economic Dynamics 1(1), January 1998.

"General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies", with Youngjae Lim, Review of Economic Dynamics 1(1), January 1998.

"Microenterprise and Macropolicy", Advances in Economics and Econometrics: Theory and Applications, Seventh World Congress, Volume II, David M. Kreps and Kenneth F. Wallis, eds., Cambridge University Press, 1997.

"Discrimination in Financial Services: How Should We Proceed", Journal of Financial Services Research 11, February and April 1997, 215-217.

"Formal and Informal Financial Services", Financial Access in the 21st Century, Proceedings of a Forum, Comptroller of the Currency, February 11, 1997, Washington, D.C., 17-23.

"Formal and Informal Financing in a Chicago Ethnic Neighborhood" with Philip Bond, Economic Perspectives, July/August 1996, Federal Reserve Bank of Chicago.

"Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies", Journal of Economic Perspectives, 9(3), Summer 1995, 83-102.

"Financial Systems in Northern Thai Villages", Quarterly Journal of Economics, November1995, 1011-1046.

"Risk and Insurance in Village India", Econometrica, 62(3), May 1994, 539-591.

"Community Development Banking and Financial Institutions Act: A Critique with Recommendations", in The Declining Role of Banking, Proceedings of The 30th Annual Conference on Bank Structure and Competition, May 1994, Federal Reserve Bank of Chicago, 538-546.

"Targeting Credit and Insurance: Efficiency, Mechanism Design, and Program Evaluation", with Mansoora Rashid, World Bank discussion paper #47, Education and Social Policy Department, November 1994.

The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models, Princeton University Press, 1993.

"Asymmetric Information in General Equilibrium Models", in General Equilibrium 40th Anniversary Conference, CORE, June 3-5, 1993, pp.126-134.

"Understanding the Structure of Village and Regional Economies" in Contract Economics, Basil Blackwell, Oxford, Lars Werin and Hans Wijkander, eds., 1992: 114-148.

"Computing Multiperiod Information Constrained Optima", with Christopher Phelan, Review of Economic Studies 58(5) No. 197, October 1991: 853-883.

Financial Structure and Economic Organization: Key Elements and Patterns in Theory and History, Basil Blackwell publisher, 1990.

"Comment on Paper by Davis and Haltiwanger" in NBER Macroeconomics Annual 1990, Olivier Jean Blanchard and Stanley Fischer, eds., MIT Press, 1990.

"Currency and Credit in a Private Information Economy", Journal of Political Economy 97(6), December 1989: 1323-1345. [LINK]

"Models as Economies", The Economic Journal 98(390), the Frank Paish Lecture, March 1988.

"Information Constrained Insurance: the Revelation Principle Extended", Journal of Monetary Economics 21(2/3), March/May 1988: 411-450.

"Asset Return Anomalies in a Monetary Economy", Journal of Economic Theory 41(5), April 1987: 219-247.

"Circulating Private Debt: An Example with a Coordination Problem", with Neil Wallace, in Contractual Arrangements for Intertemporal Trade, Edward C. Prescott and Neil Wallace, eds., University of Minnesota Press, 1987.

"Taking Pure Theory to Data: Arrow's Seminal Contribution", Arrow and the Ascent of Modern Economic Theory, George Feiwel, ed., Macmillan, 1987.

"Arrow-Debreu Programs as Microfoundations for Macroeconomics", in Advances in Economic Theory: The Fifth World Congress, Truman F. Bewley, ed., Cambridge University Press, 198

"Economic Organization with Limited Communication", American Economic Review 77(5), December1987: 954-970.

"Financial Structures as Communication Systems", in Technological Innovations and the Monetary Economy, Chapter 5, Collin Lawrence and Robert Shay, eds., Ballinger, subsidy of Harper & Row, April 1986: 163-178.

"General Competitive Analysis in an Economy with Private Information", with Edward C. Prescott, International Economic Review 25(1), February 1984: 1-20.

"Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard", with Edward C. Prescott, Econometrica, January 1984.

"Theories of Intermediated Structures", in the Carnegie-Rochester Conference Series on Public Policy 18, 1983, Money, Monetary Policy and Financial Institutions, a supplemental series to the Journal of Monetary Economics.

"Equilibrium Theory with Disparate Expectations and Learning: Some Issues and Methods", in Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined, Edmund S. Phelps and Roman Frydman, eds., Cambridge University Press, 1983.

"Forecasting the Forecasts of Others", Journal of Political Economy 91(4), August1983: 546-587. [LINK]

"Financial Structure and Economic Activity", American Economic Review 73(5), December 1983: 895-911.

"Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information", Journal of Political Economy 90(6), December 1982: 1166-1186. [LINK]

"Theories of Contract Design and Market Organization: Conceptual Bases for Understanding Futures Markets", prepared for the Conference on the Industrial Organization of Futures Markets: Structure and Conduct, Columbia University, November 1982, Lexington Books.

"Resource Allocation under Asymmetric Information", joint with Milton Harris, Econometrica 49(1), January 1981: 33-69.

"Equilibrium under Uncertainty: Multi-Agent Statistical Decision Theory", joint with Edward C. Prescott, in Studies in Bayesian Econometrics and Statistics in Honor of Harold Jeffreys, Arnold Zellner, ed., North-Holland, 1980: 169-194.

"Models of Money with Spatially Separated Agents", in Models of Monetary Economies, John Kareken and Neil Wallace, eds., Federal Reserve Bank of Minneapolis, 1980:265-303.

"Optimal Contracts and Competitive Markets with Costly State Verification", Journal of Economic Theory 21(2), October 1979: 265-293.

"On the Optimality of Forward Markets", American Economic Review 68(1), March1978: 54-56.

"Market Anticipations, Rational Expectations, and Bayesian Analysis", International Economic Review 19(2), June 1978: 481-494.

"Intermediation with Costly Bilateral Exchange", Review of Economic Studies XLV (3), October 1978: 417-425.

"The Eventual Failure of Price Fixing Schemes", Journal of Economic Theory 14(3), February 1977: 190-199.

"Allocation Mechanisms, Asymmetric Information, and the Revelation Principle", with Milton Harris, in Issues in Contemporary Microeconomics and Welfare, George R. Feiwel, ed., Macmillan Co., 1975.