Rachel Kranton

James B. Duke Professor of Economics

External Address: 
219 Social Sciences, Durham, NC 27708
Internal Office Address: 
Box 90097
(919) 660-1800

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.


  • Ph.D., University of California at Berkeley 1993
  • B.A., University of Pennsylvania 1984

Akerlof, GA, and Kranton, RE. "Social divisions within schools: How school policies can affect students' identities and educational choices." In The Social Economics of Poverty: On Identities, Communities, Groups, and Networks,180-203. September 21, 2005. Full Text

Immorlica, N, Kranton, R, Manea, M, and Stoddard, G. "Social Status in Networks." American Economic Journal: Microeconomics 9, no. 1 (February 2017): 1-30.

Harris, L, Lee, VK, Thompson, EH, and Kranton, R. "Exploring the Generalization Process from Past Behavior to Predicting Future Behavior." Journal of Behavioral Decision Making 29, no. 4 (October 2016): 419-436. Full Text

Bramoull, Y, Kranton, R, and D'Amours, M. "Strategic Interaction and Networks." American Economic Review 104, no. 3 (March 2014): 898-930.

Huettel, SA, and Kranton, RE. "Identity economics and the brain: uncovering the mechanisms of social conflict." Philos Trans R Soc Lond B Biol Sci 367, no. 1589 (March 5, 2012): 680-691. (Review) Full Text

Immorlica, N, Kranton, R, and Stoddard, G. "Striving for social status." Proceedings of the ACM Conference on Electronic Commerce (2012): 672--. Full Text

Akerlof, GA, and Kranton, R. "Identity economics." Economists' Voice 7, no. 2 (2010).

Kranton, R, and Swamy, AV. "Contracts, hold-up, and exports: Textiles and opium in colonial India." American Economic Review 98, no. 3 (2008): 967-989. Full Text Open Access Copy

Akerlof, GA, and Kranton, RE. "Identity, supervision, and work groups." American Economic Review 98, no. 2 (2008): 212-217. Full Text

Bramoulle, Y, and Kranton, R. "Risk-sharing networks." JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION 64, no. 3-4 (2007): 275-294. Full Text

Bramoullé, Y, and Kranton, R. "Public goods in networks." Journal of Economic Theory 135, no. 1 (2007): 478-494. Full Text Open Access Copy


Social Influences on Financial Decision Making awarded by National Endowment for Financial Education (Co Investigator). 2014 to 2017

Networks, Public Goods, And Social Interactions: At The Edge Of Analytics And Complexity awarded by National Science Foundation (Principal Investigator). 2011 to 2015

Collabarative Research: CDI-Type I: Innovation in Social Networks awarded by National Science Foundation (Principal Investigator). 2010 to 2012