Dynamic costly state verification

Financial Intermediation and Delegated Monitoring

Douglas W. Diamond · The Review of Economic Studies · 1984 · 8.5K citations

Business, Economics, Finance +17

Agency Costs, Net Worth, And Business Fluctuations

Ben Bernanke, Ben Bernanke · AgEcon Search (University of Minnesota, USA) · 1988 · 4.4K citations · Full text

Social Sciences, Business Economics, Economics +14

Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt

Douglas W. Diamond · Journal of Political Economy · 1991 · 3.4K citations · Full text

Business, Finance, Banking +15

Optimal contracts and competitive markets with costly state verification

Robert M. Townsend · Journal of Economic Theory · 1979 · 3.2K citations · Full text

Business, Contract Law, Economics +16

Incentive-Compatible Debt Contracts: The One-Period Problem

Douglas Gale, Martin Hellwig · The Review of Economic Studies · 1985 · 1.8K citations

Business, Economics, Finance +17