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Optimal contracts and competitive markets with costly state verification

19793,169 citationsJournal Article

Authors

Robert M. Townsend · Carnegie Mellon University

Topics & Keywords

Economic theories and models Financial Literacy, Pension, Retirement Analysis Decision-Making and Behavioral Economics

UN Sustainable Development Goals

Partnerships for the goals

Publication Details

Published in: Journal of Economic Theory

Volume 21, Issue 2, pp. 265-293

DOI: 10.1016/0022-0531(79)90031-0

Field-Weighted Citation Impact: 20.57

Optimal contracts and competitive markets with costly state verification | Researchclopedia