III Publications

Bibliography	The bibiligraphical fie (bibtex) for the references below is worrall.bib.
Journal Articles	"The (In)stability of the International Monetary System without Direct Default Costs" (with Rongyu Wang), Finance Research Letters, September, 2025, number 108410. [doi:10.1016/j.frl.2025.108410 ]
	"Intergenerational Insurance" (with Francesco Lancia and Alessia Russo), Journal of Political Economy, October, 2024, Volume 132(10), pages 3500-3544. [doi:10.1086/730206 \| Code ]
	"Self-enforcing Wage Contracts Redux" (with Jonathan Thomas), Journal of Institutional and Theoretical Economics, November, 2023, Volume 179(3-4), pages 441-469. [ doi:10.1628/jite-2023-0039 ]
	"Currency Areas and Voluntary Transfers" (with Pierre Picard), Journal of International Economics, November, 2020, Volume 127, number 103390. [ doi:10.1016/j.jinteco.2020.103390 \| Code ]
	"Portfolio Sales and Signaling" (with Spiros Bougheas), Journal of Banking and Finance, February, 2019, Volume 99, pages 182-191. [ doi:10.1016/j.jbankfin.2018.12.008 ]
	"Dynamic Relational Contracts under Complete Information" (with Jonathan Thomas), Journal of Economic Theory, May 2018, Volume 175, pages 624-651. [ doi:10.1016/j.jet.2018.02.004 ]
	"Stochastic Stability of Monotone Economies in Regenerative Environments" (with Sergey Foss, Seva Shneer and Jonathan Thomas), Journal of Economic Theory, January, 2018, Volume 173, pages 334-360. [ doi:10.1016/j.jet.2017.11.004 ]
	"Is a Policy of Free Movement of Workers Sustainable?" (with Pierre Picard), Scandinavian Journal of Economics, October, 2016, Volume 118(4), pages 718-754. [ doi:10.1111/sjoe.12163 ]
	"Cost Padding in Regulated Monopolies" (with Spiros Bougheas), International Journal of Industrial Organization, July, 2012, Volume 30(5), pages 331-341. [ doi:10.1016/j.ijindorg.2011.12.001 ]
	"Limited commitment models of the labour market" (with Jonathan Thomas), Scottish Journal of Political Economy, November, 2007, Volume 54(5), pages 750-773. [ doi:10.1111/j.1467-9485.2007.00440.x ]
	"Unemployment insurance under moral hazard and limited commitment: Public versus private provision" (with Jonathan Thomas), Journal of Public Economic Theory, February, 2007, Volume 9(1) pages 151-181. [ doi:10.1111/j.1467-9779.2007.00302.x ]
	"Gift-giving, quasi-credit and reciprocity" (with Jonathan Thomas), Rationality and Society, August, 2002, Volume 14(3), pages 307-351. [ doi:10.1177/1043463102014003003 ]
	"Informal insurance and limited commitment: Theory and evidence from village economies" (with Ethan Ligon and Jonathan Thomas), Review of Economic Studies, January, 2002 69(1), pages 209-244. [ doi:10.1111/1467-937X.00204 ]
	"Mutual insurance, individual savings and limited commitment" (with Ethan Ligon and Jonathan Thomas), Review of Economic Dynamics April, 2000, Volume 3(2), pages 216-246. [ doi:10.1006/redy.1999.0081 ]
	"The welfare implications of costly monitoring in credit markets" (with Brian Hillier), Economic Journal, March, 1994, Volume 104(423), pages 350-362. [ doi:10.2307/2234755 ]
	"Foreign direct investment and the risk of expropriation" (with Jonathan Thomas), Review of Economic Studies, January, 1994, Volume 61(1), pages 81-108. [ doi:10.2307/2297878 ]
	"Income fluctuation and asymmetric information: An example of a repeated principal-agent model" (with Jonathan Thomas), Journal of Economic Theory, August, 1990, Volume 51(2), pages 367-390. [ doi:10.1016/0022-0531(90)90023-D ]
	"Debt with potential repudiation", European Economic Review, July, 1990, Volume 34(5), pages 1099-1109. [ doi:10.1016/0014-2921(90)90025-T ]
	"Self-enforcing wage contracts" (with Jonathan Thomas), Review of Economic Studies, October, 1988, Volume 55(4), pages 541-554. [ doi:10.2307/2297404 ]
Book Chapters	"Asymmetric Information, Investment Finance and Real Business Cycles" (with Brian Hillier) in The New Macroeconomics: Imperfect Markets and Policy Effectiveness, H. Dixon and N. Rankin (eds.), Cambridge University Press, 1995, pages 245-272.
	"Labour Contract Theory" in The Economics of Missing Markets, Information and Games, F.H. Hahn (ed.), Oxford University Press, 1989, pages 336-359.
Phd Thesis	"Labour Contract Theory: An Examination" PhD Thesis, The University of Liverpool, 1983.