The basic goal of the dissertation is to understand how different institutional settings, technologies and social preferences could foster different, rival, or complementary organizational forms. The first essay argues that as a consequence of generalized increasing returns to scale, the network...

The aim of this paper is to investigate the network effect on the probability of job finding. This paper uses a specific data set from the Izmir region, prepared by the Turkish Statistical Institute for a specific project carried out by Izmir University of Economics in cooperation with the Izmir...

Turkey by and large avoided the financial meltdown thanks to its low level of household debt ratio and relatively sound public finance structure. The stylized fact is that the consumption loss as a percentage of GDP has been greater for the countries with higher growth rates of household...

Law firms are expected to be controlled by the workers because given the difficulty of monitoring labor, the transaction cost would be very high and the essential human capital investment would be lacking in a form controlled by the capital suppliers. Expectations are confirmed by the data....

South Africa, Brazil and Turkey (SABT) are among those countries that not only to continue to converge towards the per-capita income levels of highly developed nations but also to be the best candidates next to China and India of serving as the locomotives of world GDP and trade growth after the...

Systemic risk and fragility became more important especially after the crisis of 2008. However, the burgeoning literature especially focuses on interbank and bank-firm credit networks. On the other hand, in developing countries, deferred check payments also compose another kind of credit...