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Rachel Kranton, James B. Duke Professor of Economics and Dean of the Social Sciences and Faculty Research Scholar of DuPRI's Population Research Center

Rachel Kranton

Rachel Kranton studies how institutions and the social setting affect economic outcomes. She develops theories of networks and has introduced identity into economic thinking. Her research contributes to many fields including microeconomics, economic development, and industrial organization. In Identity Economics, Rachel Kranton and collaborator George Akerlof, introduce a general framework to study social norms and identity in economics. In the economics of networks, Rachel Kranton develops formal models of strategic interaction in different economic settings. Her work draws on empirical findings and integrates new mathematical tools to uncover how network structures influence economic outcomes. Rachel Kranton has a long-standing interest in development economics and institutions. She focuses on the costs and benefits of networks and informal exchange, which is economic activity mediated by social relationships rather than markets.

Contact Info:
Office Location:  219 Social Sciences, Box 90097, Durham, NC 27708
Office Phone:  (919) 660-1800
Email Address: send me a message
Web Page:  http://sites.duke.edu/rachelkranton

Education:

Ph.D.University of California at Berkeley1993
MPAPrinceton University1986
B.A.University of Pennsylvania1984
Specialties:

Microeconomics
Microeconomic Theory
Development Economics
Industrial Organization
Economic Growth and Technological Change
Economics of Networks
Research Interests:

Rachel Kranton studies how institutions and the social setting affect economic outcomes. She develops theories of networks and has introduced identity into economic thinking. Her research contributes to many fields including microeconomics, economic development, and industrial organization. In Identity Economics, Rachel Kranton and collaborator George Akerlof, introduce a general framework to study social norms and identity in economics. In the economics of networks, Rachel Kranton develops formal models of strategic interaction in different economic settings. Her work draws on empirical findings and integrates new mathematical tools to uncover how network structures influence economic outcomes. Rachel Kranton has a long-standing interest in development economics and institutions. She focuses on the costs and benefits of networks and informal exchange, which is economic activity mediated by social relationships rather than markets.

Keywords:

behavioral economics • Brain • Cognition • Conflict (Psychology) • Decision Making • development economics • economics of networks • Economics, Behavioral • Humans • identity economics • Interpersonal Relations • microeconomic theory • Microeconomics • Models, Economic • Motivation • Neurosciences • Psychology, Social • Reward • Socioeconomic Factors

Curriculum Vitae  Bio
Current Ph.D. Students  

  • Justin S. Valasek  
  • Salem M. Almaani  
  • Alexander P. Groves  
Working Papers   (More Publications)

  1. Bramoullé, Y; Kranton, R, Risk sharing across communities, American Economic Review, vol. 97 no. 2 (January, 2007), pp. 70-74, American Economic Association, ISSN 0002-8282 [pdf], [doi]
  2. D. Minehart, Vertical Merger and Specific Investments: A Tale of the Second Best (September, 2004)
  3. with G. Akerlof, Identity and the Economics of Organizations (September, 2003) (Includes modeling that does appear in the JEP version..)
Recent Publications   (More Publications)

  1. Bloch, F; Demange, G; Kranton, R, RUMORS AND SOCIAL NETWORKS (May, Submitted, 2018), pp. 421-448, WILEY [doi]  [abs]
  2. Kranton, RE; Sanders, SG, Groupy versus non-groupy social preferences: Personality, region, and political party, American Economic Review, vol. 107 no. 5 (May, 2017), pp. 65-69, American Economic Association [doi]
  3. Immorlica, N; Kranton, R; Manea, M; Stoddard, G, Social status in networks, American Economic Journal: Microeconomics, vol. 9 no. 1 (January, 2017), pp. 1-30, American Economic Association [doi]  [abs]
  4. Harris, L; Lee, VK; Thompson, EH; Kranton, R, Exploring the Generalization Process from Past Behavior to Predicting Future Behavior, Journal of Behavioral Decision Making, vol. 29 no. 4 (October, 2016), pp. 419-436, WILEY, ISSN 0894-3257 [doi]  [abs]
  5. Kranton, RE, Identity economics 2016: Where do social distinctions and norms come from?, American Economic Review, vol. 106 no. 5 (May, 2016), pp. 405-409, American Economic Association [doi]


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