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A mechanism design approach to allocating central government funds among regional development agencies
(Springer, 2014)
To allocate central government funds among regional development agencies we look for mechanisms that satisfy three important criteria: efficiency (individual and coalitional) strategy proofness (a.k.a. dominant strategy ...
Can law impose competition? A critical discussion and evidence from the Turkish electricity generation market
(Pergamon-Elsevier Science Ltd, 2014)
Electricity markets have undergone regulatory reforms since the early 1980s around the world. Technical analyses of these reforms usually pay lip service to the influence of politics over regulatory processes. Existing ...
Capitalism Crisis and Class: The United States Economy after the 2008 Financial Crisis
(Sage Publications Inc, 2014)
The literature on the outcomes of the financial crisis in low- and middle-income countries in the post-1980 era presents three broad findings: first the burden of crises falls disproportionately on labor in general and ...
Capital Flows and Credit Expansions in Turkey
(Sage Publications Inc, 2014)
Literature on capital flows identifies various channels through which capital inflows could create financial fragility and economic instability in developing and emerging economies. Domestic credit expansion is one such ...
Macroeconomic and institutional determinants of financialisation of non-financial firms: Case study of Turkey
(Oxford University Press, 2014)
We observe that industrial firms in Turkey have shifted substantial amounts of working capital from production activities to the purchase of high-yield interest-bearing assets most notably public bonds to ensure immediate ...