Kathryn Graddy

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Kathryn Graddy
Alma mater Princeton University (PhD)
Scientific career
Institutions Brandeis University
Thesis Who pays more? Essays on bargaining and price discrimination. (1994)

Kathryn Graddy is an economist who is currently serving as the dean of Brandeis International Business School at Brandeis University. She is the Fred and Rita Richman Distinguished Professor in Economics at Brandeis University. Her research interests include the economics of art, culture, and industrial organization.


Education and career

Graddy received a BS in mathematics and a BA in Russian language from Tulane University, an MBA from Columbia University, and a PhD in economics from Princeton University. Prior to working at the University of Oxford, she was appointed as an assistant professor of economics at the London Business School. Afterwards, she was a research fellow at Jesus College and then at Exeter College. [1]

After leaving Oxford, Graddy joined Brandeis University in 2007, where she is the Fred and Rita Richman Distinguished Professor in Economics. Among other leadership roles, she has chaired the university's department of economics and directed the PhD program at Brandeis International Business School (IBS). In 2016, she was named senior associate dean of IBS, a position she held until she became dean in 2018. [1]


Graddy discusses competition at the Fulton Fish Market with the CORE Project

Graddy's research interests include the economics of art, culture, and industrial organization. [2] She has been widely quoted in the media as an expert on art auctions and investment in art. [3] [4] [5]

As a graduate student, Graddy spent a month shadowing a trader at the Fulton Fish Market to analyze competition within fish markets. In her 2006 study, she described how the traders appeared to charge different prices to different ethnic groups, and perfect competition at the market was not apparent. [6] [7]

In a 2017 paper co-authored with Princeton University economist Carl Lieberman, the two economists concluded that "artists, in the year following the death of a friend or relative, are on average less creative than at other times of their lives." The results were based on an analysis of thirty-three French Impressionist painters and fifteen American artists born between 1910 and 1920. [8] [9] This followed an earlier working paper by Graddy, which found that visual artists' creative output suffered during periods of bereavement. [10] [11] [12]

Selected publications

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  1. 1 2 "Kathryn Graddy named dean of Brandeis University International Business School". Brandeis University. May 1, 2018. Retrieved December 5, 2020.
  2. "Kathryn Graddy". Brandeis University. Archived from the original on December 5, 2020. Retrieved December 5, 2020.
  3. Rocheleau, Matt (November 27, 2018). "In today's market, could the stolen Gardner art be worth $1 billion?". The Boston Globe . Retrieved 1 May 2021.
  4. Ehrenfreund, Max (May 12, 2015). "Why this Picasso sold for $180 million and what it tells us about the super rich". The Washington Post . Retrieved 1 May 2021.
  5. Carvajal, Doreen (July 13, 2015). "Danh Vo and Bert Kreuk's Legal Battle Pits Artist Against Collector". The New York Times . Retrieved 1 May 2021.
  6. Harford, Tim (June 22, 2007). "What do fish markets teach us about the economy?". Slate . Retrieved December 5, 2020.
  7. "How deep are your pockets?". The Economist . June 30, 2012. Retrieved December 5, 2020.
  8. Jacobs, Tom (December 5, 2017). "Contrary to Cliché, Misery May Inhibit Creativity". Pacific Standard . Retrieved December 5, 2020.
  9. Voon, Claire (December 6, 2017). ""Tortured" Artists Are Actually Less Creative, Study Suggests". Hyperallergic . Retrieved December 5, 2020.
  10. Malvern, Jack (December 24, 2015). "There's no need to suffer for your art". The Times . Retrieved December 5, 2020.
  11. Clark, Nick (December 22, 2015). "An academic has debunked the myth of the tortured artist". The Independent . Retrieved December 5, 2020.
  12. Blakemore, Erin (January 8, 2016). "Grief May Not Make Artists Better". Smithsonian . Retrieved December 5, 2020.