"Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard." Edward S. Prescott and Robert M. Townsend. Journal of Economic Theory, 103(2), April 2002: 282-310. ABSTRACT PDF

"The Credit Risk Contingency System of an Asian Development Bank."ˇ Robert M. Townsend and Jacob Yaron. Economic Perspectives 25(3), 2001: 31-48. PDF

"Liquidity Constraints and Incentive Contracts." Andreas Lehnert, Ethan Ligon, and Robert M. Townsend. Macroeconomic Dynamics, 3, 1999, 1-47. ABSTRACT PDF

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

"General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies."  Youngjae Lim and Robert M. Townsend. Review of Economic Dynamics 1(1), January 1998: 54-118. ABSTRACT

"Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups." Rolf Mueller and Robert M. Townsend. Review of Economic Dynamics 1(1), January 1998: 119-72. ABSTRACT

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

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

"Microenterprise and Macropolicy." Robert M. Townsend. In 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. PDF

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

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

"Financial Systems in Northern Thai Villages." Robert M. Townsend. Quarterly Journal of Economics 110(4), November 1995: 1011-1046. ABSTRACT PDF

"Community Development Banking and Financial Institutions Act: A Critique with Recommendations." Robert M. Townsend. 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.

"Risk and Insurance in Village India." Robert M. Townsend. Econometrica 62(3), May 1994, 539-591. ABSTRACT PDF

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

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

"The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models," Robert M. Townsend. Princeton, NJ: Princeton University Press, 1993. BUY

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

"Computing Multiperiod Information Constrained Optima." Christopher Phelan and Robert M. Townsend. Review of Economic Studies 58(5), October 1991: 853-883. ABSTRACT

"Comment on Paper by Davis and Haltiwanger." Robert M. Townsend. In Macroeconomics Annual 1990, Olivier Jean Blanchard and Stanley Fischer, eds., MIT Press, 1990. PDF