We explore the possible role of interdependence of expectations in emerging market economies and analyze the crisis transmission mechanism within the ”pure”contagion framework. We consider the cases of Russia, Turkey, and Brazil, and assess whether the fundamentals of these countries allowed...

We explore the impact of geographical proximity of environmental problems on environmental concern and willingness to pay (WTP) for environmental improvement, with emphasis on the relevance of Inglehart’s postmaterialism thesis on this inquiry. A questionnaire was administered to 1565...

We review the enforcement of competition policy and the activities of Turkish Competition Authority during 1997-2000. Descriptive statistics are provided on the caseload handled, such as types of anti-competitive behavior investigated, breakdown of investigations by industry, violations found,...

Turkey’s customs union with the European Union in 1996 increased considerably import penetration in manufacturing while not significantly affecting the share of EU in Turkey’s trade. The study analyzes whether this impetus had a marked impact on the productive and industrial structure of...

We explore various aspects of mergers and acquisitions in the banking industry within a simple model that allows explicit comparison of sector performance before and after the mergers and acquisitions. The industry structure we look at involves a few dominant banks and a competitive fringe,...

We aim at questioning, within a political economy framework, the institutional context of environmental policies for the case of Turkey in general and of Istanbul in particular. The paper is centred around a survey study conducted with citizens of Istanbul (n=1565), a metropolitan city whose...

Most of the literature on government intervention in models of voluntary public goods supply focuses on interventions that increase the total level of a public good, which is considered to be typically underprovided. However, an intervention that is successful in increasing the public good level...