2025 Zayira Ray
Julius Silver Professor, Faculty of Arts and Science,
Professor of Economics, New York University
Research Associate, NBER
Part-Time Professor, University of Warwick
Research Fellow, CESifo
Spool Member, ThReD

Department of Economics
New York University,
19 West 4th Street
New York, NY 10012, U.S.A.
debraj.ray@nyu.edu, +1 (212)-998-8906.

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Oxford University Press, 2008. This book is now open-access; feel free to download a copy, and to buy the print version if you like the book.
Three Randomly Selected Papers
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On the Phelps–Koopmans Theorem

(with Tapan Mitra), Journal of Economic Theory 147, 833–849, 2012.

Summary. We examine whether the Phelps–Koopmans theorem is valid in models with nonconvex production technologies. Dedicated to the memory of David Cass: mentor, friend and an extraordinary economic theorist.

Inequality as a Determinant of Malnutrition and Unemployment, II. Policy

(with Partha Dasgupta), Economic Journal 97, 177-188, 1987.

Summary. This is the second part of a two-part article which develops a theory of involuntary unemployment and the incidence of undernourishment, relates these in turn to the production and distribution of income, and ultimately to the distribution of productive assets. In this part, we study policy options such as land reform.

Polarization: Concepts, Measurement, Estimation

(with Jean-Yves Duclos and Joan Esteban), Econometrica 72, 1737–1772, 2004.

Summary. We develop the measurement theory of polarization for the case in which income distributions can be described using density functions. The main theorem uniquely characterizes a class of polarization measures that fits into what we call the “identity-alienation” framework, and simultaneously satisfies a set of axioms. Here is a link to a somewhat expanded version, which was published in C. Barrett (ed), The Social Economics of Poverty: Identities, Groups, Communities and Networks, London: Routledge (2005).