This paper discusses the regulation of the Istanbul taxicab market and its consequences. While price and entry regulations are common to many taxi markets, there are significant differences in their institutional frameworks. We examine the problems of the Istanbul market and offer...

"This paper studies competition in a network industry with a stylized two layered network structure, and examines: (i) price and connectivity incentives of the upstream networks, and (ii) incentives for vertical integration between an upstream network provider and a downstream firm. The main...

This paper investigates, in a unified framework, the effects of sibship size, birth order and sibling sex composition on children's school enrolment in urban Turkey. We utilize an instrumental variable estimation method to address parents' joint fertility and schooling decisions using twin...

The focus of this paper is the size of the wage penalty due to maternal leave incurred by working mothers in Germany. Existing estimates suggest large penalties with little rebound over time. We apply recent panel data methods designed to address problems of sample selectivity, unobserved...

The main objective of this paper is to quantify the relationship between the global economic environment and Stand-By Arrangements (SBAs) with the IMF. The results suggest that oil prices, world interest rates, and the global business cycle are the most influential indicators that affect the...

We examine the effect of agency conflicts on debt financing and show that managerial ownership and its interaction with takeover defenses affect these decisions. We find that (1) the relation between leverage and takeover defenses becomes insignificant when we control for the interaction of...

The standard growth model predicts that allowing labour mobility across regions would increase the speed of convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the empirical literature has uncovered some evidence for the...