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
Amasino, Dianna R., Nicolette J. Sullivan, Rachel E. Kranton, and Scott A. Huettel. “Amount and time exert independent influences on intertemporal choice..” Nature Human Behaviour 3, no. 4 (April 2019): 383–92. https://doi.org/10.1038/s41562-019-0537-2. Full Text
Kranton, R. “The devil is in the details: Implications of Samuel bowles’s the moral economy for economics and policy research.” Journal of Economic Literature 57, no. 1 (March 1, 2019): 147–60. https://doi.org/10.1257/jel.20171463. Full Text
Immorlica, N., R. Kranton, M. Manea, and G. Stoddard. “Social status in networks.” American Economic Journal: Microeconomics 9, no. 1 (January 1, 2017): 1–30. https://doi.org/10.1257/mic.20160082. Full Text
Harris, L., V. K. Lee, E. H. Thompson, and R. Kranton. “Exploring the Generalization Process from Past Behavior to Predicting Future Behavior.” Journal of Behavioral Decision Making 29, no. 4 (October 1, 2016): 419–36. https://doi.org/10.1002/bdm.1889. Full Text
Bramoull, Yann, Rachel Kranton, and Martin D’Amours. “Strategic Interaction and Networks.” American Economic Review 104, no. 3 (March 2014): 898–930.
Huettel, Scott A., and Rachel E. Kranton. “Identity economics and the brain: uncovering the mechanisms of social conflict..” Philosophical Transactions of the Royal Society B: Biological Sciences 367, no. 1589 (March 2012): 680–91. https://doi.org/10.1098/rstb.2011.0264. Full Text
Kranton, R., and A. V. Swamy. “Contracts, hold-up, and exports: Textiles and opium in colonial India.” American Economic Review 98, no. 3 (December 1, 2008): 967–89. https://doi.org/10.1257/aer.98.3.967. Full Text Open Access Copy
Akerlof, G. A., and R. E. Kranton. “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, 2005. https://doi.org/10.4324/9780203799659. Full Text
Bramoullé, Yann, and Rachel Kranton. “Games Played on Networks,” n.d.
Kranton, R. E., and S. G. Sanders. “Groupy versus non-groupy social preferences: Personality, region, and political party.” In American Economic Review, 107:65–69, 2017. https://doi.org/10.1257/aer.p20171096. Full Text
Kranton, R. E. “Identity economics 2016: Where do social distinctions and norms come from?.” In American Economic Review, 106:405–9, 2016. https://doi.org/10.1257/aer.p20161038. Full Text
Social Influences on Financial Decision Making awarded by (Co Investigator). 2014 to 2019
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