1. Bhattacharya, S. and D. Gale. “Preference Shocks, Liquidity and Central Bank Policy,” CARESS Working Paper # 86-01, University of Pennsylvania (1986).

A shorter version was published as 

Bhattacharya, S. and D. Gale. “Preference Shocks, Liquidity and Central Bank Policy,” in W. Barnett and K. Singleton, eds., New Approaches to Monetary Economics.  New York: Cambridge University Press (1987) 69-88.

2. Gale, D.. "A Simple Characterization of Bargaining Equilibrium in a Large Market Without the Assumption of Dispersed Characteristics," CARESS Working Paper #86-05, University of Pennsylvania (1986).

The basic ideas from this approach were incorporated in the characterization provided in Chapter 8 of Martin Osborne and Ariel Rubinstein,  Bargaining and Markets. New York:  Academic Press (1990).

3. Gale, D. "A Strategic Model of Trade with Money as a Medium of Exchange," CARESS Working Paper # 86-04, University of Pennsylvania (April, 1986).

4. Gale, D. and M. Hellwig. "The Optimal Debt Contract: A Comparative Static Analysis," CARESS Working Paper #86-06, University of Pennsylvania (1986).

5. Gale, D. and M. Hellwig. "A General-Equilibrium Model of the Transactions Demand for Money," Discussion Paper No. A-77, University of Bonn (1986).

6. Gale, D. and M. Hellwig. "Repudiation and Reputation: The Case of Sovereign Debt," International Economic Review 30 (1989) 3 - 31.

7. Gale, D. "The Efficient Design of Public Debt,'' in M. Draghi and R. Dornbusch, eds., Public Debt Management: Theory and History.  Cambridge:  Cambridge University Press (1990).

8. Gale, D. "Underinvestment and the Demand for Liquid Assets,"  University of Pittsburgh (1988). This paper later appeared as "Underinvestment and the Demand for Liquid Assets," in L. McKenzie and S. Zamagni, eds., Value and Capital: 50 Years After. London: Macmillan (1990).

9. Allen, F. and D. Gale. "Optimal Security Design," Review of Financial Studies 1 (Spring, 1988) 229 - 263.

10. Gale, D. "Optimal Risk Sharing through Renegotiation of Simple Contracts," Boston University (1990). A version of this paper was published as
“Optimal Risk-Sharing through Renegotiation of Simple Contracts,” Journal of Financial Intermediation 1 (1991) 283-306. Another example of this approach is found in Chapter 10 "Renegotiation and Relationships" in D. Gale and F. Allen, Comparing Financial Systems. Cambridge, MA: MIT Press (2000).

11. Allen, F. and D. Gale. "Incomplete Markets and the Incentives to Set Up an Options Exchange," The Geneva Papers on Risk and Insurance Theory, 15 (1990) 17-46.

12. Allen, F. and D. Gale. "Arbitrage, Short Sales, and Financial Innovation," Econometrica 59 (1991) 1041 - 1068.

13. Gale, D. "Dynamic Coordination Games," Economic Theory, 5 (1995) 1 - 18.