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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The Farsighted Stable Set

(with Rajiv Vohra), Econometrica  83, 977–1011, 2015. Online Appendix.

SummaryWe propose a definition of farsighted stability in coalitional games, in the spirit of von Neumann-Morgenstern stability and its modification by Harsanyi. We provide a necessary and sufficient condition for the existence of a farsighted stable set containing just a single-payoff allocation. We then conduct a comprehensive analysis of the existence and structure of farsighted stable sets in simple games.

Groups in Conflict: Private and Public Prizes

(with Laura Mayoral),  Journal of Development Economics 154, https://doi.org/10.1016/j.jdeveco.2021.102759 (2022).

 Supplementary Appendix.

Summary. This paper studies costly conflict over private and public goods. Oil is an example of the former, political and civil rights an example of the latter. Our theory predicts that groups in conflict are likely to be small when the prize is private, and large when the prize is public. We examine these implications empirically by constructing a global dataset at the ethnic group level and studying conflict along ethnic lines. Our theoretical predictions find significant confirmation in this setting, and the analysis sheds new light on group size and collective action in the context of violent conflict.

Missing Unmarried Women

(with Siwan Anderson), Journal of the European Economic Association 2019 17(5), 1585–1616; jvy027, https://doi.org/10.1093/jeea/jvy027

Summary. We provide systematic estimates of the excess female mortality faced by older unmarried women in developing regions. We place these estimates in the context of the missing women phenomenon. There are approximately 1.5 million missing women between the ages of 30 and 60 years old each year. We find that 35% of these missing women of adult age can be attributed to not being married. These estimates vary by region. India has the largest proportion of missing adult women who are without a husband, followed by the countries in East Africa. By contrast, China has almost no missing unmarried women. We show that 70% of missing unmarried women are of reproductive age and that it is the relatively high mortality rates of these young unmarried women (compared to their married counterparts) that drive this phenomenon.