S Krasa… - Econometrica, 2000 - Wiley Online Library
Page 1. Ž . Econometrica, Vol. 68, No. 1 January, 2000 , 119134 OPTIMAL
CONTRACTS WHEN ENFORCEMENT IS A DECISION VARIABLE BY STEFAN KRASA
AND ANNE P. VILLAMIL 1 This paper analyzes choice-theoretic ...
S Krasa… - Journal of Economic Theory, 1992 - Elsevier
CA Holt, LW Langan… - Economic Inquiry, 1986 - Wiley Online Library
Page 1. MARKET POWER IN ORAL DOUBLE AUCTIONS CHARLES A. HOLT, LOREN W.
LANGAN, and ANNE P. VILLAMIL' This paper reports the results of a series of
oral-double-auction experiments in which some traders possess market power. ...
S Krasa… - Oxford Economic Papers, 1992 - JSTOR
Page 1. Oxford Economic Papers 44 (1992), 725-749 A THEORY OF OPTIMAL BANK
SIZE By STEFAN KRASA and ANNE P. VILLAMIL* 1. Introduction RECENT research
has studied how the structure of the financial system ...
S Krasa… - Economic Theory, 1994 - Springer
Page 1. Econ. Theory 4, 167-187 (1994) Econom/c Theory O Springer-Verlag 1994 Research articles
Optimal multilateral contracts* Stefan Krasa and Anne P. Viilamil Department of Economics,
University of Illinois, 1206 South Sixth Street, Champaign, IL 61820, USA ...
V Tiago, V Cavalcanti… - Macroeconomic …, 2003 - Cambridge Univ Press
Page 1. Macroeconomic Dynamics, 7, 2003, 333–362. Printed in the United States of
America. DOI: 10.1017.S1365100502020096 OPTIMAL INFLATION TAX AND
STRUCTURAL REFORM TIAGO V. DE V. CAVALCANTI Universidade ...
A Antunes, T Cavalcanti… - Journal of Monetary Economics, 2008 - Elsevier
A general equilibrium model with heterogeneous agents (with respect to wealth and ability)
shows that differences across countries in intermediation costs and enforcement generate
differences in occupational choice, firm size, credit, output and income inequality. ...
AP Villamil - Economic theory, 1991 - Springer
Page 1. Econ Theory (1991) 1:277-288 Economic Theory 9 Springer-Verlag 1991 Demand deposit
contracts, suspension of convertibilfty, and optimal financial intermediation AP Villamil University
of Illinois, Department of Economics, Champaign, IL 61820, USA ...
AP Villamil - Journal of Public Economics, 1988 - Elsevier
CA Holt… - Atlantic Economic Journal, 1986 - Springer
Page 1. A Laboratory Experiment With A Single-Person Cobweb CHARLES A. HOLT
AND ANNE P. VILLAMIL* Introduction Among economists, one of the least fashion-
able theories of price adjustment is the "cob- web theorem ...
BD Smith… - Journal of Monetary Economics, 1998 - Elsevier
S Krasa, T Sharma… - University of Illinois, Urbana- …, 2004 - econ.uiuc.edu
Page 1. Bankruptcy and Firm Finance Stefan Krasa ∗ Tridib Sharma† Anne P. Villamil
‡ September 10, 2004 Abstract This paper analyzes how an enforcement mechanism
that resembles a court affects firm finance. The court ...
E Asiedu… - Macroeconomic Dynamics, 2002 - Cambridge Univ Press
Page 1. Macroeconomic Dynamics, 6, 2002, 476–495. Printed in the United States
of America. DOI: 10.1017.S1365100501010070 IMPERFECT ENFORCEMENT,
FOREIGN INVESTMENT, AND FOREIGN AID ELIZABETH ASIEDU ...
S Krasa, T Sharma… - Economic Theory, 2008 - Springer
Page 1. Economic Theory (2008) 36:239–266 DOI 10.1007/s00199-007-0267-y
RESEARCH ARTICLE Bankruptcy and firm finance Stefan Krasa · Tridib Sharma ·
Anne P. Villamil Received: 4 October 2006 / Revised: 13 June ...
E Asiedu… - Macroeconomic Dynamics, 2000 - Cambridge Univ Press
Page 1. Macroeconomic Dynamics, 4, 2000, 1–21. Printed in the United States of
America. ARTICLES DISCOUNT FACTORS AND THRESHOLDS: FOREIGN
INVESTMENT WHEN ENFORCEMENT IS IMPERFECT ELIZABETH ...
S Krasa… - Econometrica, 2003 - JSTOR
Page 1. Econometrica, Vol. 71, No. 1 (January, 2003), 391-393 OPTIMAL
CONTRACTS WHEN ENFORCEMENT IS A DECISION VARIABLE: A REPLY BY
STEFAN KRASA AND ANNE P. VILLAMIL1 1. INTRODUCTION IN A ...
N Herranz, S Krasa… - Annals of Finance, 2009 - Springer
Page 1. Ann Finance (2009) 5:341–359 DOI 10.1007/s10436-008-0118-2 SYMPOSIUM
Small firms in the SSBF Neus Herranz · Stefan Krasa · Anne P. Villamil Received: 15
October 2008 / Accepted: 17 December 2008 / Published ...
A Rustichini… - Economic Theory, 1996 - Springer
Page 1. Economic Theory 8, 21 t-227 (1996) Econom/c Theory 9 Springer-Verlag 1996
Intertemporal pricing in markets with differential information* Aldo Rustichini 1 and
Anne P. Villamil 2 CORE, Universit~ Catholique de Louvain ...
D Davis, CA Holt… - University of Illinois BBER …, 1990 - acrobatplanet.com
Page 1. Supra-competitive Prices and Market Power in Posted-Offer Experiments Douglas
Davis, Charles A. Holt, and Anne P. Villamil* April 11, 2001 Abstract This paper reports the
results of a posted-offer market experiment designed to examine the ...
AP Villamil - forthcoming in The New Palgrave Dictionary of …, 2008 - econ.illinois.edu
Page 1. The Modigliani-Miller Theorem The New Palgrave Dictionary of Economics
Anne P. Villamil, University of Illinois The Modigliani-Miller Theorem is a cornerstone
of modern corporate finance. At its heart, the theorem ...
S Krasa, T Sharma… - Journal of Mathematical Economics, 2005 - Elsevier
A Antunes, T Cavalcanti… - Journal of Mathematical Economics, 2008 - Elsevier
This paper establishes the existence of a stationary equilibrium and a procedure to compute
solutions to a class of dynamic general equilibrium models with two important features. First,
occupational choice is determined endogenously as a function of heterogeneous agent ...
N Herranz, S Krasa… - University of Illinois (2007, …, 2007 - anasramadan.com
Abstract How important for firm performance are differences in owner's personal
characteristics (risk tolerance or optimism) versus the institutional environment in which the
firm operates (bankruptcy institutions, access to credit or return distributions)? To answer ...
SL Schreft… - Economic Review, 1992 - ideas.repec.org
Downloadable! The authors present a theoretical model in which a profit-maximizing lender may
ration credit to businesses by restricting loan size. Such credit rationing occurs despite the
absence of differences across borrowers in default risk or loan administration costs. Moreover ...
S Krasa, T Sharma… - 2003 - econ.uiuc.edu
Page 1. The Effect of Enforcement on Firm Finance Stefan Krasa ∗ Tridib Sharma†
Anne P. Villamil ‡ August 7, 2003 Abstract This paper analyzes how an enforcement
mechanism that resembles a court af- fects firm finance. ...
A Antunes, T Cavalcanti… - 2006 - papers.ssrn.com
Abstract: This paper studies the effect of financial repression and contract enforcement on
entrepreneurship and economic development. We construct and solve a general equilibrium
model with heterogeneous agents, occupational choice and two financial frictions: ...
CA Holt… - Laboratory Market Research, 1986 - people.virginia.edu
Abstract: Until recently, economists have relied on data from markets that exist naturally in
the economy to construct empirical tests of economic theories. Chamberlin (1948) was the
first person to establish a market for the purpose of testing a theory. Chamberlin's work ...
N Herranz, S Krasa… - … for Growth and …, 2009 - socialsciences.manchester.ac.uk
Abstract This paper assesses quantitatively the impact of legal institutions on
entrepreneurial firm dynamics. Owners choose firm size, financial structure and default to
manage risk. We find:(i) Less risk averse entrepreneurs run bigger firms and it is optimal ...
[CITATION] Measuring Consumer Demand for Functional Foods and the Impact of Health Labelling Regulation
LJ Unnevehr, AP Villamil… - FAMC Conference on New Approaches to …, 1999
A Antunes, T Cavalcanti… - Manus., Department of …, 2005 - bportugal.pt
Abstract This paper studies the effect of financial repression and contract enforcement on en
trepreneurship and economic development. We construct and solve a general equilibrium
model with heterogeneous agents, occupational choice and two financial frictions: interme ...
[CITATION] nImperfect Enforcement
E Asiedu… - For% eign Investment, and Foreign Aid, …, 2002
[CITATION] Supra-Competitive Prices and Market Power in Posted-Offer Experiments
D Douglas, CA Holt… - 1990 - May
[CITATION] Equilibrium price stickiness
A Rustichini, AP Villamil… - 1992 - Innocenzo Gasparini Institute for …
A Rustiehini… - Advances in Experimental Markets, 2001 - Springer
Page 1. Intertemporal pricing in laboratory posted offer markets with differential
information * Aldo Rustichini1 and Anne P. Villamil2 1 Department of Economics, Boston
University, Boston, MA 02215, USA 2 Department of Economics ...
M De Nardi… - Annals of Finance, 2009 - Springer
Despite the vast existing literature on entrepreneurship, much remains to be learned. This
special issue starts with a review article surveying the previous studies on entrepreneurship
and macroeconomics. It then moves to empirical papers that use various data sets to ask ...
A Antunes, T Cavalcanti… - 2006 - papers.ssrn.com
Page 1. Computing General Equilibrium Models with Occupational Choice and
Financial Frictions∗ António Antunes† Tiago Cavalcanti‡ Anne Villamil§ forthcoming
in the Journal of Mathematical Economics April 26, 2006 Abstract ...
[CITATION] The Effect of Market Power on the Direction of Convergence in Oral Double Auctions
CA Holt… - Econometric Society Winter Meeting, Dallas, 1984
[CITATION] Optimal Contarcts with Costly State Verification: The Multilateral Case
S Krasa, AP Villamil… - 1992 - University of Illinois at Urbana- …
AP Villamil - Strategic Change, 2010 - Wiley Online Library
Page 1. Strat. Change 19: 3–7 (2010) Published online in Wiley Interscience
(interscience.wiley.com) DOI: 10.1002/jsc.854 INTRODUCTION Copyright © 2010 John
Wiley & Sons, Ltd. Strategic Change: Briefings in Entrepreneurial Finance ...
[CITATION] Promoting Efficient Institutions and Providing Insurance Services: A Dual Role for Multilateral Organizations
E Asiedu… - 2003 - University of Kansas Working Paper. …
T Cavalcanti… - … , Ill, Department of Economics, University of …, 2005 - anpec.org.br
Abstract This paper studies the distributional implications of intermediation costs. We built a
“Bewley” model economy where individuals experience uninsurable idiosyncratic shocks on
labor productivity and financial intermediation is costly. Individuals smooth consumption ...
E Asiedu, Y Jin… - Annals of Finance, 2006 - Springer
Page 1. Annals of Finance (2006) 2: 123–140 DOI 10.1007/s10436-005-0032-9
RESEARCH ARTICLE Elizabeth Asiedu · Yi Jin · Anne P. Villamil Do lack of
transparency and enforcement undermine international risk-sharing? ...
E Asiedu… - 1999 - ku.edu
Page 1. Imperfect Enforcement and Foreign Investment: A Rationale for Multilateral Organizations
Elizabeth Asiedu Department of Economics, University of Kansas Anne P. Villamil Department
of Economics, University of Illinois at Urbana−Champaign March 1999 Abstract ...
[CITATION] Efficiency, randomization, and commitment in government borrowing
BD Smith, AP Villamil… - 1993 - University of Illinois at Urbana- …
AP Villamil - 2005 - econ.uiuc.edu
Page 1. Financial Contracts and Enforcement Anne P. Villamil ∗ March 2010 Outline of
Part 2: Enforcement 1. Main Approaches to Enforcement 2. Costly Enforcement Model:
Krasa and Villamil [9] (a) (Limited) Commitment and renegotiation ...
AP Villamil, AÃ Antunes… - 2005 Meeting Papers, 2005 - ideas.repec.org
... listing, contact: (Christian Zimmermann). Related research. Keywords: Financial
frictions; Occupational choice; Development; Other versions of this item: António
R. Antunes & Tiago V. de V. Cavalcanti & Anne Villamil, 2005. ...
[CITATION] Time Consistent Contracts when Enforcement is a Decision Variable
S Krasa, AP Villamil… - 1995 - University of Illinois at Urbana- …
P Elosegui… - 2002 - cdi.mecon.gov.ar
Page 1. Risky Banking: Optimal Loan Quantity and Portfolio Quality Choices Pedro
Elosegui Anne P. Villamil * May 22, 2002 Abstract In this paper we construct a model
of a \risky bank." The bank faces excess demand in the ...
[CITATION] The Direction of Price Convergence in Oral Double Auctions,”
CA Holt, F Solis-Soberon… - 1990 - working paper, University if Illinois
D Joo… - The Manchester School, 2011 - Wiley Online Library
JOO, D. and VILLAMIL, A.(2011), THE EFFECT OF FINANCIAL ENFORCEMENT ON
ENTREPRENEURSHIP AND DEVELOPMENT IN A 'GROWTH MIRACLE'. The Manchester
School, 79: 567–593. doi: 10.1111/j. 1467-9957.2010. 02200. x
A Villamil - The Quarterly Review of Economics and Finance, 2003 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Introduction to capital accumulation and allocation in economic growth. Anne Villamil (). The
Quarterly Review of Economics and Finance, 2003, vol. 43, issue 4, pages 583-591. ...
A Antunes, T Cavalcanti… - 2011 - tippieweb.iowa.uiowa.edu
Abstract This paper studies quantitatively how intermediation costs affect household
consumption loans and welfare. Agents face uninsurable idiosyncratic shocks to labor
productivity in a production economy with costly financial intermediation and a natural ...
[CITATION] Equilibrium Price Stickiness--Revised
A Rustichini, AP Villamil… - 1992 - University of Illinois at Urbana- …
AP Villamil - 2005 - ims.nus.edu.sg
Page 1. Financial Contracts and the Theory of Debt Anne P. Villamil ∗ Uncertainty and Information
in Economics Singapore June 14, 2005 Outline of Part 1 1. Introduction 2. Finance in GE 3.
Overview of the Literature 4. Debt Contracts (a) Risk Sharing is not Enough ...
[CITATION] Financial Contracts and Credit Rationing
AP Villamil - 2004
AP Villamil - 2007 - artsci.wustl.edu
Page 1. Contract Model Applications: Bankruptcy Anne P. Villamil ∗ Washington
University - St. Louis April 2007 Contract Model Application to Bankruptcy 1. Consumer
Bankruptcy: Livshits, MacGee and Tertilt, AER, March 2007 ...
AP Villamil - 1985 - conservancy.umn.edu
Page 1. PRICE DISCRIMINATION ANALYSIS OF MONETARY POLICY: AN EXTENSION by
Anne P. Villamil Discussion Paper No. 222, September 1985 Department of Economics 1035
Mgmt and Economics University of Minnesota Minneapolis, Minn 55455 ...
[CITATION] Measuring the Monitor: An Incentive Structure for a Financial Intermediary
S Krasa, AP Villamil… - 1991 - University of Illinois at Urbana- …
A Antunes, T Cavalcanti… - 2011 - st-andrews.ac.uk
Abstract This paper studies the effects of interest rate credit subsidies on economic
development in a general equilibrium model with heterogeneous agents, occupational
choice and financial frictions. There are two financial frictions: a cost to intermediate loans ...
SL Parente… - Economic Theory, 2007 - Springer
He has been a co-Editor of Economic Theory since its inception, and an important
contributor to Economic Theory having published numerous papers within its pages,
including one paper with Finn Kydland in the inaugural issue in 1991. Thus it gives us ...
[CITATION] Singapore Centre for Applied and Policy Economics
A Antunes, T Cavalcanti… - Journal of Mathematical Economics, 2006
[CITATION] Supra-competitive Prices and Market Prices in Posted-offer Experiments
DD Davis, CA Holt, AP Villamil… - 1990 - College of Commerce and Business …
X Dassiou, D Glycopantis, M Arbex… - Journal of Economic …, 2009 - apforum.org
The idea that inflation is a tax is long-standing. The desirability of this particular tax from a
welfare perspective, however, depends on the alternatives. Friedman (1969) argues that
when lump sum taxes are available, the optimal inflation tax is zero (ignoring output ...
AP Villamil - 2010 - lirias.hubrussel.be
Page 1. Ann Finance (2011) 7:449–476 DOI 10.1007/s10436-010-0154-6
SYMPOSIUM Voluntary firm restructuring: why do firms sell or liquidate their
subsidiaries? Alain Praet Received: 17 September 2008 / Accepted: 5 April ...
AP Villamil - 1989 - ideals.illinois.edu
Page 1. Page 2. Page 3. ST> BEBR FACULTY WORKING PAPER NO. 89-1593
Liquidity Preference, Costly State Verification and Optimal Financial Intermediation
A. P.Villamil College of Commerce and Business Aoministration ...
S Krasa… - ideals.illinois.edu
Page 1. Page 2. Page 3. Faculty Working Paper 93-0122 330 B385 1993:122 COPY
2 STX Intertemporal Contracts and a Theory of Optimal Auditing Th« Library of the
MAY 3 1993 University of Illinois of Urtana-CtampalQn Stefan ...
DD Davis, CA Holt… - 1990 - ideals.illinois.edu
Page 1. Page 2. Page 3. 330 3385 |0. 1643 COPY 2 ;TX BEBR FACULTY WORKING PAPER
NO. 90-1648 Supra-Competitive Prices and Market Power in Posted-Offer Experiments Douglas
D. Davis Charles A. Holt Anne P. Villamil The Library of tne APR 2 4 iQ9rj Untorstt,- ./? ...
A Antunes, T Cavalcanti… - 2006 - eea-esem.com
Abstract This paper studies the distributional implications of intermediation costs. We built a
“Bewley” model economy where individuals experience uninsurable idiosyncratic shocks on
labor productivity and financial intermediation is costly. Individuals smooth consumption ...
E Asiedu… - 2003 - papers.ssrn.com
Abstract: This paper uses a Costly State Verification model to analyze risk-sharing
arrangements between a coalition of countries when there is uncertainty about the
realization of a key performance variable. The realization of the performance variable is a ...
[CITATION] Symposium on Entrepreneurship, Finance and Employment
M De Nardi… - 2009 - Springer
S Krasa… - 1991 - ideals.illinois.edu
Page 1. Page 2. UNIVERSITY OF ILLINOIS LIBRARY AT URBANA-CHAMPAIGN BOOKSTACKS
Page 3. Page 4. Digitized by the Internet Archive in 2011 with funding from University of Illinois
Urbana-Champaign http://www.archive.org/details/monitoringmonito1690kras Page 5 ...
[CITATION] Capital Accumulation and Allocation in Economic Growth
A Villamil - 2003 - Elsevier Science
A Villamil - Macroeconomics Working Papers, 2006 - ideas.repec.org
This paper establishes the existence of a stationary equilibrium and a procedure to compute
solutions to a class of dynamic general equilibrium models with two important features. First,
occupational choice is determined endogenously as a function of heterogeneous agent ...
[CITATION] Enforcement and Renegotiation
AP Villamil - 2004
A Rustichini… - 1991 - ideals.illinois.edu
Page 1. Page 2. UNIVERSITY OF ILLINOIS LIBRARY AT URBANA-CHAMPAiGN BOOKSTACKS
Page 3. Digitized by the Internet Archive in 2011 with funding from University of Illinois
Urbana-Champaign http://www.archive.org/details/equilibriumprice91162rust Page 4. ( t ...
E Asiedu… - 1999 - Citeseer
Page 1. Insurance, Verification, and Enforcement Services: A Role for Multilateral Organizations *
Elizabeth Asiedu Department of Economics, University of Kansas Anne P. Villamil Department
of Economics, University of Illinois at Urbana−Champaign June 1999 Abstract ...
[CITATION] Insurance and Verification Services: A Role for Multilateral Organizations
E Asiedu… - 2001
BD Smith… - 1993 - ideals.illinois.edu
Page 1. Page 2. UNIVERSITY OF ILLINOIS LIBRARY AT URBANA-CHAMPAIGN BOOKSTACKS
Page 3. Digitized by the Internet Archive in 2011 with funding from University of Illinois
Urbana-Champaign http://www.archive.org/details/efficiencyrandom93143smit Page 4. Page ...
P Elosegui… - 2007 - ideas.repec.org
Downloadable! In this paper a bank faces excess demand in the loan market, can sort loan
applicants by an observable measure of quality, and faces a small but positive probability of default.
The bank uses two policies to allocate credit: (i) tighten restrictions on loan quality; (ii) limit ...
A Villamil, S Krasa… - 2004 Meeting Papers, 2004 - ideas.repec.org
The power to enforce rights and obligations in a society is essential. For simplicity,
economists have focused on two extreme forms of enforcement: perfect ex-post enforcement
of contracts by an exogenous un-modeled authority (a``court'') or contracts that are``self- ...
[CITATION] Intertemporal Contracts and a Theory of Optimal Auditing
S Krasa, AP Villamil… - 1993 - University of Illinois at Urbana- …
A Villamil - Development Economics Working Papers, 2006 - ideas.repec.org
This paper studies the effect of financial repression and contract enforcement on en-
trepreneurship and economic development. We construct and solve a general equilibrium
model with heterogeneous agents, occupational choice and two financial frictions: ...
AP Villamil - 1988 - en.scientificcommons.org
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google