Now showing items 1-5 of 5

    • 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 exchangge ...
    • Economics and identity 

      Akerlof, GA; Kranton, RE (Quarterly Journal of Economics, 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, idenntity ...
    • 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 inputts ...
    • 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 exchangee ...