Debraj Ray

Debraj Ray (born 3 September 1957) is an Indian-American economist, who is currently teaching and working at New York University. His research interests focus on development economics and game theory, and was the Co-editor of American Economic Review.

Ray is Julius Silver Professor in the Faculty of Arts and Science, and the Professor of Economics at New York University since 1999. At the same time, he is a Part-Time Professor at University of Warwick. Ray is a council member of Game Theory Society and he is also a board member in the Economic Analysis of Development (BREAD) and Theoretical Research in Development Economics (ThReD).

Debraj Ray graduated from University of Calcutta, where he earned a B.A. in Economics in 1977. After that, Ray obtained a M.A. (1981) and a Ph.D. (1983) both from Cornell University, where his doctoral supervisor was Mukul Majumdar. The title of his Essays in Intertemporal Economics.

Prior to joining NYU, Ray held academic positions at Stanford University, the Indian Statistical Institute, and at Boston University, where he was Director of the Institute for Economic Development. He has held visiting appointments at Harvard University, MIT, the Instituto Nacional de Matemática Pura e Aplicada in Rio de Janeiro, Brazil, the People's University of China in Beijing, the London School of Economics, Columbia University, and the Instituto de Análisis Económico in Barcelona. He is a part-time professor at the University of Warwick.

Ray is a Fellow of the American Academy of Arts and Sciences, theEconometric Society, a Guggenheim Fellow, a recipient of the Mahalanobis Memorial Medal, and a recipient of the Outstanding Young Scientists Award in mathematics from the Indian National Science Academy. He received the Dean's Award for Distinguished Teaching from Stanford University and the Gittner Award for Teaching Excellence in Economics from Boston University. He was awarded a Doctor Philosophiae Honoris Causa from the University of Oslo.

Ray has served on the editorial board of Econometrica, the Journal of Economic Theory, the Journal of Development Economics, the Journal of Economic Growth, the Japanese Economic Review, Games and Economic Behavior, American Economic Journal Microeconomics. He has served as a Foreign Editor of the Review of Economic Studies, and as Co-editor of the Econometric Society journal, Theoretical Economics.

Ray has received many teaching rewards from universities around the world and other honorary rewards from different institutions.

• Mahalanobis Memorial Medal of the Indian Econometric Society, 1989
• Fellow of the Econometric Society, 1993
• Gittner Teaching Award from Boston University, 1996
• Guggenheim Fellow, 1997
• Dean’s Award for Distinguished Teaching from Stanford University, 1985
• Fellowship by the American Academy of Arts and Sciences, 2016
• Doctor Philosophiae Honoris Causa from University of Oslo, 2011
• Fellowship by the Society for the Advancement of Economic Theory, 2011
• Golden Dozen Teaching Award for excellence in undergraduate teaching from New York University, 2017

Books

• Ray, Debraj (1990). Dutta, B.; Gangopadhyay, S.; Mookherjee, D. (eds.). Economic Theory and Policy: Essays in Honour of Dipak Banerji. New Delhi: Oxford University Press.
• Ray, Debraj (1992). Dutta, B.; Mookherjee, D.; Parthasarathy, T.; Raghavan, T.; Tijs, S. (eds.). Game Theory and Economic Applications. New Delhi: Springer Verlag.
• Ray, Debraj (1993). Dutta, B.; Gangopadhyay, S.; Mookherjee, D. (eds.). Theoretical Issues in Economic Development. New Delhi: Oxford University Press.
• Ray, Debraj (1997). Dutta, B.; Potters, J.; Parthasarathy, T.; Sen, A. (eds.). Game-Theoretical Applications to Economics and Operations Research. Kluwer Academic Publishers.
• Ray, Debraj (1998). Development Economics. Princeton University Press.
• Ray, Debraj (2000). Mookherjee, D. (ed.). Readings in the Theory of Economic Development. London: Blackwell.
• Ray, Debraj; Bose, A.; Sarkar, A. (2001). Contemporary Macroeconomics. New Delhi: Oxford University Press.
• Ray, Debraj (2008). A Game-Theoretic Perspective on Coalition Formation. New York: Oxford University Press.

Journal articles

• Ray, Debraj; Genicot, G. (2017). "Aspirations and Inequality" (PDF). Econometrica. 85 (2): 489–519. doi:10.3982/ECTA13865. S2CID 8082979.
• Ray, Debraj (2017). "Kenneth Arrow". El Trimestre Económico. 84 (336): 761–769. doi:10.20430/ete.v84i336.605.
• Ray, Debraj; Robson, A. (2018). "Certified Random: A New Order for Co-Authorship" (PDF). American Economic Review. 108 (2): 489–520. doi:10.1257/aer.20161492. S2CID 13007924.
• Ray, Debraj; Anderson, S. (2019). "Missing Unmarried Women". Journal of the European Economic Association. 17 (5): 1585–1616. doi:10.1093/jeea/jvy027.
• Ray, Debraj; Vohra, R. (2019). "Maximality in the Farsighted Stable Set" (PDF). Econometrica. 87 (5): 1763–1779. doi:10.3982/ECTA16047.
• Ray, Debraj; Lou, Y.; Parsa, S.; Li, D.; Wang, S. (2019). "Information Aggregation In a Financial Market With General Signal Structure" (PDF). Journal of Economic Theory. 183: 594–624. doi:10.1016/j.jet.2019.05.004. S2CID 181736975.
• Ray, Debraj; Philip, M.; Subramanian, S. (2021). "Decoding India's Low COVID-19 Case Fatality Rate". Journal of Human Development and Capabilities. 22: 27–51. doi:10.1080/19452829.2020.1863026. S2CID 233223886.
• Ray, Debraj; Vohra, R. (2020). "Games of Love and Hate" (PDF). Journal of Political Economy. 128 (5): 1789–1825. doi:10.1086/705552. S2CID 216323749.
• Ray, Debraj; Subramanian, S. (2020). "India's Lockdown: An Interim Report". Indian Economic Review. 55(S1) (Suppl 1): 31–79. doi:10.1007/s41775-020-00094-2. PMC 7435223. PMID 32836357. S2CID 221174567.
• Ray, Debraj; Genicot, G. (2020). "Aspirations and Economic Behavior". Annual Review of Economics. 12: 715–746. doi:10.1146/annurev-economics-080217-053245. S2CID 212427015.
• Ray, Debraj; Espinosa, F.; Vohra, R. (2021). "A Principal-Agent Relationship With No Advantage to Commitment". Pure and Applied Functional Analysis. 6: 1043–1064.
• Ray, Debraj; Mookherjee, D. (2022). "Growth, Automation, and the Long-Run Share of Labor". Review of Economic Dynamics. 46: 1–26. doi:10.1016/j.red.2021.09.003.
• Ray, Debraj; Mayoral, Laura (2021). "Groups in Conflict: Private and Public Prizes". Journal of Development Economics.