Browsing by Author "Kranton, RE"

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  • Kranton, RE; Minehart, DF (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 ...
  • Akerlof, GA; Kranton, RE (2000-08-01)
    This paper considers how identity, a person's sense of self, affects economic outcomes. We incorporate the psychology and sociology of identity into an economic model of behavior. In the utility function we propose, identity ...
  • Kranton, RE; Minehart, DF (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 ...
  • Kranton, RE (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 ...