Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

Default and Renegotiation: A Dynamic Model of Debt

1998 • 1,067 citations

Incentive Effects of Terminations: Applications to the Credit and Labor Markets

1983 • 566 citations

Limited liability contracts between principal and agent

1983 • 551 citations

Financial Intermediation, Business Failures, and Real Business Cycles

1987 • 379 citations

Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information

1982 • 285 citations

Asymmetric Information and Financial Crises: A Historical Perspective

1990 • 277 citations

Implicit Contracts Under Asymmetric Information

1983 • 232 citations

Internal Net Worth and the Investment Process: An Application to U.S. Agriculture

1992 • 227 citations

Financial factors in business fluctuations

1988 • 133 citations

The Mechanisms of the Business Cycle in the Postwar Era

1986 • 106 citations

Implicit Contracts with Asymmetric Information and Bankruptcy: The Effect of Interest Rates on Layoffs

1985 • 93 citations

Information constrained insurance

1988 • 89 citations

Underemployment with liquidity-constrained multi-period firms

1988 • 6 citations