Browsing by Author "Kranton, RE"
Now showing items 1-4 of 4
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A theory of buyer-seller networks
(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
(Journal of Economic Literature, 2002-12-01) -
Networks versus vertical integration
(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
(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 ...
