Ekonomi Bölümü Koleksiyonu

Permanent URI for this collectionhttps://gcris.khas.edu.tr/handle/20.500.12469/57

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Now showing 1 - 9 of 9

Citation Count: 7
Endogenous reference points in bargaining
(Springer Heidelberg, 2018) Keskin, Kerim; Keskin, Kerim
We allow the reference point in (cooperative) bargaining problems with a reference point to be endogenously determined. Two loss averse agents simultaneously and strategically choose their reference points taking into consideration that with a certain probability they will not be able to reach an agreement and will receive their disagreement point outcomes whereas with the remaining probability an arbitrator will distribute the resource by using (an extended) Gupta-Livne bargaining solution (Gupta and Livne in Manag Sci 34:1303-1314 1988). The model delivers intuitive equilibrium comparative statics on the breakdown probability the loss aversion coefficients and the disagreement point outcomes.
Citation Count: 10
Energy-saving behavior of Turkish women: A consumer survey on the use of home appliances
(Sage Publications Ltd, 2017) Ucal, Meltem Şengün
This paper focuses on energy-related attitudes and behaviors of Turkish women who are the main users of electrical home appliances responsible for most household energy consumption. Answers from 1323 female respondents surveyed through a unique questionnaire formed the dataset. The results from analysis of variance show that education has a significant effect on the relationship between energy saving and awareness and attitudes about climate change. Significant differences also exist between education level groups in terms of knowledge of the classification of energy-saving electrical home appliances. Responses to questions related to energy-saving purchasing behaviors are consistently higher for knowledgeable respondents. The paper then uses factor analysis and ordinal logit models to reveal interactions between energy-saving behavior regarding electrical home appliances and several factors namely awareness sensitivity essentials and receptiveness. The identification of these factors can provide useful insights for policy makers that enable them to construct energy-saving policies specifically tailored toward women.
Citation Count: 2
Ethnic fractionalization conflict and educational development in Turkey
(Pergamon-Elsevier Science Ltd, 2019) Tekgüç, Hasan; Tekgüç, Hasan
We examine the impact of ethnic fractionalization and conflict on limiting the educational development in Southeastern Turkey. Our estimates show that although the armed conflict in the region did not directly hinder education investments it reduced school enrolment rates at middle and high school levels while increasing enrolment at the primary school level. Moreover we show that provinces with higher percentages of Kurdish population received less education investment. These results suggest that the neglect of Kurdish areas is an important factor behind Southeastern Turkey's educational underdevelopment while land inequality and the armed conflict had mixed effects on education in the region.
Citation Count: 0
Financialization: The Economics of Finance Capital Domination
(Edward Elgar Publishing Ltd, 2016) Orhangazi, Özgür
[Abstract Not Available]
Citation Count: 8
Growth and Distribution After the 2007-2008 US Financial Crisis: Who Shouldered the Burden of the Crisis?
(Edward Elgar Publishing Ltd, 2016) Orhangazi, Özgür; Orhangazi, Özgür
The post-1980 era witnessed an increase in the frequency and severity of financial crises around the globe the majority of which took place in low-and middle-income countries. Studies of the impacts of these crises have identified three broad sets of consequences. First the burden of crises falls disproportionately on labor in general and low-income segments of society in particular. In the years following financial crises wages and labor share of income fall the rate of unemployment increases the power of labor and labor unions is eroded and income inequality and rates of poverty increase. Capital as a whole on the other hand usually recovers quickly and most of the time gains more ground. Second the consequences of crises are visible not only through asset and income distribution but also in government policies. Government policies in most cases favor capital especially financial capital at the expense of large masses. In addition many crises have presented opportunities for further deregulation and liberalization not only in financial markets but in the rest of the economy as well. Third in the aftermath of financial crises in low-and middle-income economies capital inflows may increase as international capital seeks to take advantage of the crisis and acquire domestic financial and non-financial assets. The 2007-2008 financial crisis in the US provides an opportunity to extend this analysis to a leading high-income country and see if the patterns visible in other crises are also visible in this case. Using the questions and issues typically raised in examinations of low-and middle-income countries we study the consequences of the 2007-2008 US financial crisis and complement the budding literature on the 'Great Recession.' In particular we examine the impacts of the crisis on labor and capital with a focus on distributional effects of the crisis such as changes in income shares of labor and capital and the evolution of inequality and poverty. We also analyse the role of government policies through a study of government taxation and spending policies and examine capital flow patterns.
Citation Count: 28
Income Inequality and FDI: Evidence with Turkish Data
(Routledge Journals Taylor & Francis Ltd, 2016) Ucal, Meltem Şengün; Haug, Alfred Albert; Bilgin, Mehmet Hüseyin
This article explores how foreign direct investment (FDI) and other determinants impact income inequality in Turkey in the short- and long-run. We apply the nonlinear auto-regressive distributed lag (ARDL) modelling approach which is suitable for small samples. The data for the study cover the years from 1970 to 2008. The empirical results indicate the existence of a co-integration relationship among the variables with asymmetric adjustment of the income distribution in the short- and long-run. The negative impact of FDI on the Gini coefficient decreasing income inequality is statistically significant in the short- and long-run though with a quantitatively small impact in both cases. In the short run GDP growth increases inequality initially an effect that is reversed in the next period increases in domestic gross capital formation decreases inequality and increases in the literacy rate have very minor adverse effects on income equality. However in the long run these variables have no statistically significant effects on the Gini coefficient. A reduction in the population growth rate reduces inequality in the short run but has no effect in the long run whereas an increase in the rate reduces inequality in the long run but has no effect in the short run.
Citation Count: 6
Multi-player race
(Elsevier Science Bv, 2018) Keskin, Kerim; Karagozoglu, Emin; Keskin, Kerim; Saglam, Cagri
We present a model of race with multiple players and study players' effort choices and expected prizes in equilibrium. We show that in equilibrium once any two players win one battle each the remaining players do not exert any effort anymore. This turns the continuation game into a two-player race. This is different than the results in previous two-player models of race which report that all states of the game are reached with positive probabilities. We also provide a set of comparative static results on the effects of the number of players and the victory threshold. (C) 2018 Elsevier B.V. All rights reserved.
Citation Count: 6
Time-varying fairness concerns delay and disagreement in bargaining
(Elsevier Science, 2018) Keskin, Kerim; Keskin, Kerim
We study an alternating-offers bilateral bargaining game where players may derive disutility from accepting shares below what they deem as fair Moreover we assume that the values they attach to fairness (i.e. their sensitivity to violations of their fairness judgments) decrease over time as the deadline approaches. Our results offer a new explanation to delays and disagreements in dynamic negotiations. We show that even mutually compatible fairness judgments do not guarantee an immediate agreement. We partially characterize conditions for delay and disagreement and study the changes in the length of delay in response to changes in the model parameters. (C) 2018 Elsevier B.V. All rights reserved.
Citation Count: 2
Toward a wider market definition in broadband: The case of Turkey
(Elsevier Science, 2015) Oğuz, Fuat; Akkemik, K. Ali; Göksal, Koray
As broadband Internet transforms the way people connect with others the boundaries between different modes of communications become vague. In recent years the scope of voice and broadband markets has become a matter of concern for both policymakers and researchers. Until recently it was thought that DSL and mobile broadband markets were separate markets and therefore they were separately regulated. However recent empirical evidence in some countries shows that fixed and mobile broadband services are likely to be substitutes. If this is true the definition of the relevant market for broadband has to be expanded to include mobile networks. This implies that they should be subject to the same regulatory framework. In order to follow this change we look into the Turkish broadband market as it is one of the fastest growing in Europe. The paper provides empirical evidence on the existence of fixed-mobile substitution in broadband Internet services in Turkey. We show that fixed and mobile broadband are substitutes in Turkey and they have to be included in the same relevant market definition. As differences between them in terms of speed reliability and price diminish customers increasingly see them as substitutes. These changes in the market environment require a reconsideration of the regulatory environment of fixed and mobile broadband markets. (C) 2015 Elsevier Ltd. All rights reserved.

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