Browsing Economics by Title
Now showing items 13-32 of 60
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Dynamic durable goods monopoly and market power
(MDPI, 2020-06)We analyze a vertically differentiated market for an imperfectly durable good served by a monopolist in an infinite-horizon, discrete-time game. Our goal is to identify the Markov perfect stationary equilibria where the ... -
Dynamic moral hazard with sequential tasks
(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 effect of hosting 3.4 million refugees on native population mortality
(Elsevier, 2021-12)As of the end of 2017, 3.4 million Syrian refugees lived in Turkey. These refugees left a country where the health system was utterly broken. Several studies report that Syrian refugees faced numerous diseases during their ... -
Effectiveness of monetary policy: evidence from Turkey
(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 ... -
Emerging market economies and the world interest rate
(Elsevier, 2015-11)We use a Factor Augmented VAR model to estimate the dynamic responses of interest rates in emerging market economies to the ‘world’ interest rate, which we extract from a dynamic factor model of yields in industrialized ... -
An equilibrium analysis of the probabilistic serial mechanism
(Springer Science+Business Media, 2016-08)The prominent mechanism of the recent literature in the assignment problem is the probabilistic serial (PS). Under PS, the truthful (preference) proÖle always constitutes an ordinal Nash Equilibrium, inducing a random ... -
Estimation of dynastic lifecycle discrete choice models
(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 ... -
An experiment on aspiration-based choice
(Elsevier, 2015-11)This paper experimentally studies the influence of aspirations on choice. Motivated by the theoretical model of Guney et al. (2015), we consider choice problems which may include unavailable alternatives. In a choice ... -
Financial development convergence
(Elsevier, 2015-07)We show that credit levels relative to GDP and other measures for financial development tend to converge across countries over time. The results are obtained using a broad sample of countries over many years and controlling ... -
Firm boundaries, incentives, and fund performance: Evidence from a private pension fund system
(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 ... -
Fragile transitions from education to employment Youth, gender and migrant status in the EU
(Taylor & Francis, 2019)N/A -
A game theoretical approach for improving the operational efficiencies of less-than-truckload carriers through load exchanges
(Springer, 2021-09)Less-than-truckload (LTL) transportation offers fast, flexible and relatively low-cost transportation services to shippers. In order to cope with the effects of economic recessions, the LTL industry implemented ideas such ... -
Games with switching costs and endogenous references
(Wiley, 2022-05-25)We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy, and then taking switching costs into account, he selects a strategy from which there is no ... -
Global trends in liquidity creation: The role of the off-balance sheet
(Peter Lang AG, 2019-03-28)Banks create liquidity by transforming liquid liabilities into illiquid assets and this is one of their main functions. Yet excessive liquidity creation, especially via off-balance sheet activities, might have contributed ... -
Hierarchical modeling of choice concentration of US households
(Wiley, 2014)This chapter contains sections titled: Introduction Data Description Measures of Choice Concentration Methodology Results Interpreting θ Decomposing the Effects of Time, Number of Decisions and Concentration Preference Conclusion. -
Independent vs. coordinated fundraising: Understanding the role of information
(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 ... -
Inequalities in the geographical distribution and workload of obstetrics and gynaecology specialists by gender in Turkey
(World Health Organization, 2022-06)Background: Women often have a preference for female obstetrics and gynaecology specialists (ob/gyns). Following the policy allowing physician selection by patients in Turkey, distribution of ob/gyns by gender across ... -
Intergenerational mobility and the effects of parental education, time investment, and income on children’s educational attainment
(Federal Reserve Bank of St.Louis, 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 ... -
Islamic capitalism and the rise of religious-conservative big business
(Taylor & Francis, 2020)This chapter argues that the rise of “Islamic capitalism” and the country’s so-called “conservative bourgeoisie” owes much to the pragmatism and agility of Islamic actors who are quick to seize upon new economic and political ... -
A new estimation technique of sovereign default risk
(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 ...
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