• Bank regulation under fire sale externalities 

  Kara, G. I.; Özsoy, Satı Mehmet (Oxford University Press, 2020-06)

  We examine the optimal design of and interaction between capital and liquidity regulations. Banks, not internalizing fire sale externalities, overinvest in risky assets and underinvest in liquid assets in the competitive ...

• Firm boundaries, incentives, and fund performance: Evidence from a private pension fund system 

  Gölçen, Umut; Özsoy, Satı Mehmet; Yalçın, Atakan (Elsevier, 2020-06)

  The private pension fund system in Turkey presents a unique institutional structure where bank holding companies can own both private pension companies and asset management firms. More often than not, pension companies ...

• Unemployment flows, participation, and the natural rate of unemployment: Evidence from Turkey 

  Şengül, Gönül; Tasci, M. (Elsevier, 2020-06)

  We use a parsimonious unobserved components model with flow rates to estimate a time-varying unemployment rate trend for Turkey. Our approach is grounded in the modern theory of labor market search. This trend estimate ...

• Random mechanisms for house allocation with existing tenants 

  Ekici, Özgün (Elsevier, 2020-08)

  We study the house allocation problem with existing tenants: n houses (stand for "indivisible objects") are to be allocated to n agents; each agent needs exactly one house and has strict preferences; k houses are initially ...

• Independent vs. coordinated fundraising: Understanding the role of information 

  Eckel, C.; Güney, Begüm; Uler, N. (Elsevier, 2020-08)

  We use "real donation" laboratory experiments to compare independent fundraising, where donation requests from different charities arrive sequentially to potential donors, with coordinated fundraising, where donation ...

• Role of strategic interactions in corporate sustainability decisions: an empirical investigation 

  Soytaş, Mehmet Ali; Uşar, Damla Durak (Turkish Economic Association, 2017-01-01)

  There is a large amount of empirical literature on the relationship between corporate sustainability and corporate financial performance. However, the literature considers company-specific aspects affecting the link but ...

• Dynamic moral hazard with sequential tasks 

  Özener, Başak Altan (Elsevier, 2019-10)

  We study a sequential agency problem with hidden actions in an infinite horizon dynamic setting. The principal has a project that requires completion of two sequential tasks where the predecessor must be finished before ...

• The asymmetric impact of oil prices, interest rates and oil price uncertainty on unemployment in the US 

  Kocaaslan, B.; Soytas, U.; Soytaş, Mehmet Ali (Elsevier, 2020-02-01)

  In this study, we investigate the presence of asymmetric interactions between oil prices, oil price uncertainty, interest rates, and unemployment in a cointegration framework. Utilizing the nonlinear auto-regressive ...

• Domine edilen statükonun referans etkisi 

  Güney, Begüm (Okan Üniversitesi, 2018-05)

  Statüko, bir kişinin şu anki konumunu temsil eder. Çalışılan iş ve yaşanılan şehir statüko için verilebilecek örnekler arasındadır. Bir statüko, kendi seçilmese bile, diğer alternatifler arasındaki göreceli sıralamayı ...

• Corporate sustainability interactions: A game theoretical approach to sustainability decisions 

  Soytaş, Mehmet Ali; Uşar, Damla Durak; Denizel, M. (Elsevier, 2019-12)

  Recent global developments lead companies to include into their strategic plans not only economic sustainability but environmental and social sustainability as well. Companies have been investing in environmental and social ...

• A new estimation technique of sovereign default risk 

  Soytaş, Mehmet Ali; Volkan, Engin (Elsevier, 2016-12-27)

  Using the fixed-point theorem, sovereign default models are solved by numerical value function iteration and calibration methods, which due to their computational constraints, greatly limits the models' quantitative ...

• Damaged durable goods, upgrades, and the coase conjecture 

  Özener, Başak Altan (Mohr Siebeck, 2018-12)

  This study analyzes a damaged-goods market for a perfectly durable good in an infinite-horizon, discrete-time game. We characterize Markov perfect equilibria of this game under different buyer upgrade possibilities as a ...

• Costly switching from a status quo 

  Güney, Begüm; Richter, M. (Elsevier, 2018-12)

  We axiomatically characterize a theory of status quo-dependent choice where an agent faces switching costs that depend upon both the status quo and the alternative he switches to. In a choice problem with a status quo, the ...

• Sustainable development from millennium 2015 to sustainable development goals 2030 

  Halisçelik, E.; Soytaş, Mehmet Ali (Wiley, 2019-07)

  In modern economies, the advancement of well‐being of the citizens should be in an inclusive and sustainable way. In this respect, the sustainable welfare targets should exclusively include three main pillars: economic ...

• Intergenerational mobility and the effects of parental education, time investment, and income on children’s educational attainment 

  Gayle, G. - L.; Golan, L.; Soytaş, Mehmet Ali (Federal Reserve Bank of St. Louis Review, 2018-07-15)

  This article analyzes the mechanisms through which parents’ and children’s education are linked. It estimates the causal effect of parental education, parental time with children, and parental income during early childhood ...

• Estimation of dynastic lifecycle discrete choice models 

  Gayle, G. - L.; Golan, L.; Soytaş, Mehmet Ali (Wiley, 2018-11)

  This paper explores the estimation of a class of life‐cycle discrete choice dynastic models. It provides a new representation of the value function for these class of models. It compare a multistage conditional choice ...

• Aspiration-based choice 

  Güney, Begüm; Richter, M.; Tsur, M. (Elsevier, 2018-07)

  Numerous studies and experiments suggest that aspirations for desired but perhaps unavailable alternatives influence decisions. A common finding is that an unavailable aspiration steers agents to choose similar available ...

• Effectiveness of monetary policy: evidence from Turkey 

  Avci, S. B.; Yücel, Mustafa Eray (Springer International Publishing, 2017-08)

  An effective monetary policy framework is often viewed as a pre-condition for well-functioning financial markets. Yet measuring monetary policy effectiveness is not straightforward; it requires empirical work to understand ...

• Performance of inflation targeting in retrospect 

  Kose, N.; Yalcin, Y.; Yücel, Mustafa Eray (Springer International Publishing, 2016)

  Both inflation and inflation expectations declined considerably in the inflation targeting countries during the past two decades. The questions of whether this decline has actually been an outcome of inflation targeting ...

• Catching up or drifting apart: convergence of household and business credit in Europe 

  Bahadır, Berrak; Valev, N. (Elsevier, 2017)

  We provide evidence for convergence in the levels of household and business credit across European countries. The process is particularly strong for the transition countries that have a low initial level of private credit ...

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