Agency Costs, Net Worth, and Business Fluctuations.

Moral Hazard and Observability

1979 • 8,356 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Theory ahead of business-cycle measurement

1986 • 1,592 citations

Limited liability contracts between principal and agent

1983 • 551 citations

Financial Intermediation, Business Failures, and Real Business Cycles

1987 • 379 citations

The Household Balance Sheet and the Great Depression

1978 • 372 citations

Monetary factors in the great depression

1987 • 311 citations