Browsing Economics by Author "Özyeğin University"
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Accounting for age in marital search decisions
Akın, Şerife Nuray; Platt, B. C. (Elsevier, 2016-06)Spouse quality, measured by educational attainment, varies significantly with the age at which an individual marries, peaking in the mid-twenties then declining through the early-forties. Interestingly, this decline is ... -
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 ... -
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 ... -
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 ... -
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 ... -
Characterizing the TTC rule via pair-efficiency: A short proof
Ekici, Özgün; Sethuraman, J. (Elsevier, 2024-01)In the object reallocation problem, Ekici (2023) showed that Top Trading Cycles (TTC) is the unique rule that is strategyproof, individual-rational, and pair-efficient. We provide a short proof of this characterization result. -
A comparison of optimal policy rules prior to and during inflation targeting: empirical evidence from Bank of Canada
Eksi, O.; Kaya Eksi, N.; Özlale, Ümit (Taylor & Francis, 2017)We examine policy rules that are consistent with inflation targeting (IT) framework in a small macroeconomic model of the Canadian economy. We set up an optimal linear regulator problem and derive policy rules to compare ... -
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 ... -
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 ... -
Credit decomposition and business cycles in emerging market economies
Bahadır, Berrak; Gumus, I. (Elsevier, 2016)This paper analyzes the differential effects of household and business credit dynamics on business cycles in emerging market economies. We first provide evidence that existing results relating credit expansions to economic ... -
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 ... -
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 ... -
Dynamic durable goods monopoly and market power
Özener, Başak Altan (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
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 effect of hosting 3.4 million refugees on native population mortality
Aygün, A.; Kırdar, M. G.; Tuncay Alpanda, Berna (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
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 ... -
Emerging market economies and the world interest rate
Bahadır, Berrak; Lastrapes, W. D. (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
Ekici, Özgün; Kesten, O. (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
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 ... -
An experiment on aspiration-based choice
Güney, Begüm; Richter, M. (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 ...
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