James B. Duke Professor of Economics
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
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
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