Rachel E Kranton
Biographic Data
| ID | 1471386 |
|---|---|
| NAME | Rachel E Kranton |
| GIVEN NAMES | Rachel E |
| FAMILY NAME | Kranton |
| SIGNATURE | KRANTON R E |
| AFFILIATIONS | Professor of Economics, University of Maryland, College Park, Maryland. |
| VERIFIED | No |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 105 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1999 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 4 |
The hidden cost of humanization: Individuating information reduces prosocial behavior toward in-group members
Amount and time exert independent influences on intertemporal choice
Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being
Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--woul…
Identity and the Economics of Organizations
The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers' self-image as jobholders, coupled with their ideal as to how their job should be done, can be a major work incentive. It shows how such identities can flatten reward schedules, as they solve "principal agent" problem. The paper also identifies and expl…
Competition and the Incentive to Produce High Quality
Previous literature indicates that, when quality is a choice variable, firms have an incentive to produce high quality to maintain their reputations with consumers. The strategic interaction among firms and competition for market share is not considered. This paper finds that, when firms compete for market share, perfect equilibria in which firms produce high‐quality goods need not exist. Competition for customers can eliminate the price premium …
Identity and Schooling: Some Lessons for the Economics of Education
Economics and Identity
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 is associated with different social categories and how people in these categories should behave. We then construct a simple game-theoretic model showing how identity can affect individual interactions. The paper adapts these …
The hazards of piecemeal reform: British civil courts and the credit market in colonial India
Identity and the Economics of Organizations
The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers' self-image as jobholders, coupled with their ideal as to how their job should be done, can be a major work incentive. It shows how such identities can flatten reward schedules, as they solve "principal agent" problem. The paper also identifies and expl…
The hazards of piecemeal reform: British civil courts and the credit market in colonial India
Amount and time exert independent influences on intertemporal choice
The hidden cost of humanization: Individuating information reduces prosocial behavior toward in-group members
Competition and the Incentive to Produce High Quality
Previous literature indicates that, when quality is a choice variable, firms have an incentive to produce high quality to maintain their reputations with consumers. The strategic interaction among firms and competition for market share is not considered. This paper finds that, when firms compete for market share, perfect equilibria in which firms produce high‐quality goods need not exist. Competition for customers can eliminate the price premium …
The hazards of piecemeal reform: British civil courts and the credit market in colonial India
Economics and Identity
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 is associated with different social categories and how people in these categories should behave. We then construct a simple game-theoretic model showing how identity can affect individual interactions. The paper adapts these …
Identity and Schooling: Some Lessons for the Economics of Education
Competition and the Incentive to Produce High Quality
Previous literature indicates that, when quality is a choice variable, firms have an incentive to produce high quality to maintain their reputations with consumers. The strategic interaction among firms and competition for market share is not considered. This paper finds that, when firms compete for market share, perfect equilibria in which firms produce high‐quality goods need not exist. Competition for customers can eliminate the price premium …
Identity and the Economics of Organizations
The economics of organizations is replete with the pitfalls of monetary rewards and punishments to motivate workers. If economic incentives do not work, what does? This paper proposes that workers' self-image as jobholders, coupled with their ideal as to how their job should be done, can be a major work incentive. It shows how such identities can flatten reward schedules, as they solve "principal agent" problem. The paper also identifies and expl…
Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being
Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--woul…
Amount and time exert independent influences on intertemporal choice
The hidden cost of humanization: Individuating information reduces prosocial behavior toward in-group members
Economics (7 works) · Incentive (4 works) · Microeconomics (4 works) · Sociology (4 works) · Computer Science (3 works) · Economic growth (3 works) · Economic Theory and Institutions (3 works) · Identity (music) (3 works) · Positive economics (3 works) · Psychology (3 works)