Rachel Kranton

Professor
Department of Economics
Duke
University

Research

 

Rachel Kranton studies how institutions, networks, and the social setting affect economic outcomes. Her teaching and research span several fields including microeconomics, industrial organization, economic development, and behavioral economics. In 2001-2002 she was a member of the  School of Social Science at the Institute for Advanced Study in Princeton, and in 1996-1997, she was a fellow at the Russell Sage Foundation in New York. She currently serves as an Associate Editor of the Journal of Economic Perspectives. Publications include "Public Goods in Networks," (with Yann Bramoullé), Journal of Economic Theory, 2007; "A Theory of Buyer-Seller Networks," (with Deborah Minehart), American Economic Review, 2001; "Economics and Identity," (with George Akerlof) Quarterly Journal of Economics, 2000; and "Reciprocal Exchange: A Self-Sustaining System," American Economic Review, 1996.

 

 

 

 

Book Manuscript and Working Papers

 

"More than Money: Economics and Identity," with George Akerlof. Under contract, Princeton University Press.

 

"Risk Sharing Across Communities," with Yann Bramoullé, January 2007

 

"Vertical Merger and Specific Investments: A Tale of the Second Best," with Deborah Minehart, September 2004.

 

"Identity and the Economics of Organizations," with George Akerlof, September 2003. (Includes modeling that does appear in the JEP version).

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Publications

 

"Contracts, Hold-Up and Exports: Textiles and Opium in Colonial India," with Anand Swamy, July 2007, forthcoming American Economic Review.

 

"Public Goods in Networks," with Yann Bramoullé, Journal of Economic Theory, 135(1), July 2007, pp. 478-494.

 

"Risk Sharing Networks," with Yann Bramoullé, Journal of Economic Behavior and Organization, 64 (3-4), November-December 2007,pp. 275-294.

 

"The Formation of Industrial Supply Networks," with Deborah Minehart, in James Rauch (ed.), The Formation and Decay of Networks, (New York: Russell Sage Foundation Press, 2007), in press.

 

"Identity and the Economics of Organizations," with George Akerlof, Journal of Economic Perspectives, Fall/Winter 2004.

 

"Social Divisions within Schools: How school policies can affect students' identities and educational choices," with George Akerlof, forthcoming in Christopher Barret (ed.), The Social Economics of Poverty: On Identities, Groups, Communities and Networks, London: Routledge.

 

"A Model of Poverty and Oppositional Culture," with George Akerlof, in Kaushik Basu, Pulin Nayak, and Ranjan Ray (eds.), Markets and Governments, Oxford University Press, 2003.

 

"Competition and the Incentive to Produce High Quality," Economica, 70 (279) August 2003, pp. 385-404.

 

"Identity and Schooling: Some Lessons for the Economics of Education," with George Akerlof, Journal of Economic Literature, 40(4), December 2002, pp.1167-1201.

 

"A Theory of Buyer-Seller Networks," with Deborah Minehart, American Economic Review 91(3), June 2001, pp.485-508.

 

"Competition for Goods in Buyer-Seller Networks," with Deborah Minehart, Review of Economic Design, 5(3), September 2000, pp. 301-331.

 

"Economics and Identity," with George Akerlof, Quarterly Journal of Economics CXV(3), August 2000, pp. 715-733.

 

"Networks versus Vertical Integration," with Deborah Minehart, RAND Journal of Economics, 31(3), Autumn 2000, pp.570-601.

 

"The Hazards of Piecemeal Reform: British Civil Courts and the Credit Markets in Colonial India," with Anand Swamy, Journal of Development Economics, 58(1), February 1999, pp. 1-24.

 

"Reciprocal Exchange: A Self-Sustaining System," American Economic Review, 86(4), September 1996, pp. 830-851.

 

"The Formation of Cooperative Relationships," Journal of Law, Economics and Organization, 12(1), April 1996, pp. 214-233.

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Technical Appendices

 

Technical Appendix for "Economics and Identity," with George Akerlof.

 

Technical Appendix for "Identity and Schooling," with George Akerlof.

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©2007 Rachel Kranton, Duke University, Durham, NC, 27708