
'Payment Economics: Studying the Mechanics of Exchange,' (with Jeffrey Lacker), Journal of Monetary Economics, Vol. 50, 2002, pp. 381-387.
'Incentives, Communication, and Payment Instruments,' (with Edward S. Prescott), Jornal of Monetary Economics, Vol. 50, 2002, pp. 433-454.
'Firm-Specific Learning and the Investment Behavior of Large and Small Firms,' (with Wenli Li), International Economic Review, Vol. 44, 2003, pp. 599-625.
'How Large is the Federal Financial Safety Net?' (with John Walter) The Cato Journal, Vol. 21, 2002, pp.369-394.
'Coalition-Proof Allocations in Adverse Selection Economies,' (with Jeffrey Lacker) Geneva Papers on Risk and Insurance Theory, Vol. 24, 1999, pp. 5-17.
Comment on 'Financial Fragility with Rational and Irrational Exuberance' by Roger Lagunoff and Stacey Schreft, Journal of Money, Credit and Banking, Vol. 31, 1999, 563-567.
'Private Information and Inventive Activity,' Journal of Economic Behavior and Organization, Vol. 24, 1994, pp. 71-90.
'A Coalition-Proof Equilibrium for a Private Information Credit Economy,' (with Jeffrey Lacker) Economic Theory, Vol. 3, 1993, pp.279-296.
'Exclusionary Practices and Technological Competition,' Journal of Industrial Economics Vol. 40, 1992, pp. 135-146.
'Incentive Compatible Financial Contracts, Asset Prices, and the Value of Control,' (with Jeffrey Lacker and Robert Levy) Journal of Financial Intermediation, Vol. 1, 1990, pp. 31-56.
'Optimal Contracts under Costly State Falsification,' (with Jeffrey Lacker) Journal of Political Economy, Vol. 97, 1989, pp.1345-1363.
'Banking Markets in a Decade of Mergers: A Preliminary Examination of Five North Carolina Markets,' Federal Reserve Bank of Richmond Economic Quarterly, Winter 2005.
'Accounting for Corporate Behavior,' Federal Reserve Bank of Richmond Annual Report, 2002.
'Competition Among Bank Regulators,' Federal Reserve Bank of Richmond Economic Quarterly, Fall 2002.
'Imperfect Competition and the Pricing of Interbank Payment Services,' Federal Reserve Bank of Richmond Economic Quarterly, Winter 2002.
'The Fed's Entry into Check Clearing Reconsidered,' (with Jeffrey Lacker and Jeffrey Walker) Federal Reserve Bank of Richmond Economic Quarterly, Spring 1999.
'Can the Fed be a Payment System Innovator?' (with Jeffrey Lacker) Federal Reserve Bank of Richmond Annual Report, 1997.
'The Organization of Private Payment Networks,' Federal Reserve Bank of Richmond Economic Quarterly, Spring 1997.
'Tie-in Sales and Banks,' Federal Reserve Bank of Richmond Economic Quarterly, Spring 1996.
'Cycles in Lending Standards?' Federal Reserve Bank of Richmond Economic Quarterly, Summer 1995.
'Selling Federal Reserve Payment Services: One Price Fits All?' Federal Reserve Bank of Richmond Economic Quarterly, Fall 1994.
'Firm Size, Finance, and Investment,' Federal Reserve Bank of Richmond Economic Quarterly, Winter 1994.
B.A. University of Pennsylvania, 1979
Ph.D. University of Minnesota, 1987
Kartik Athreya
Huberto M. Ennis
Borys Grochulski
Juan Carlos Hatchondo
Robert L. Hetzel
Andreas Hornstein
Thomas M. Humphrey
Arantxa Jarque
Jeffrey M. Lacker
Thomas A. Lubik
Leonardo Martinez
Yash P. Mehra
Raymond E. Owens
Edward Simpson Prescott
Pierre-Daniel G. Sarte
John R. Walter
Roy H. Webb
Alexander L. Wolman