Now showing items 1-4 of 4

    • A theory of buyer-seller networks 

      Kranton, RE; Minehart, DF (American Economic Review, 2001-06-01)
      This paper introduces a new model of exchange: networks, rather than markets, of buyers and sellers. It begins with the empirically motivated premise that a buyer and seller must have a relationship, a "link," to exchange ...
    • Identity and schooling: Some lessons for the economics of education 

      Akerlof, GA; Kranton, RE (Journal of Economic Literature, 2002-12-01)
    • Networks versus vertical integration 

      Kranton, RE; Minehart, DF (RAND Journal of Economics, 2000-09-01)
      We construct a theory to compare vertically integrated firms to networks of manufacturers and suppliers. Vertically integrated firms make their own specialized inputs. In networks, manufacturers procure specialized inputs ...
    • Reciprocal Exchange: A Self-Sustaining System 

      Kranton, RE (American Economic Review, 1996-09-01)
      Reciprocal exchange, or gift exchange, remains a widespread means of obtaining goods and services. This paper examines the persistence of reciprocal exchange by formalizing the interaction between self-enforcing exchange ...