This volume consists of papers presented at Second Coonference in Economics co-organized by Izmir Univeristy of Economics and the State University of New York at Cortland on June 8-9, 2007 in Cortland, New York. The theme of the conference is "Globalization and Its Discontents". Papers presented...

In this paper we analyze how linking a web site to other sites influences the number of visitors to that site. In our model of web user behavior, web users are influenced by web site advertising, the quality of the web site, and their social network. Over time these factors cause a web user to...

In this paper, we build on previous work and analyze the economics of Internet companies in an agent-based model. Our goal is to understand how Internet markets develop over time. Our model has two types of agents: Internet companies and consumers. Internet companies produce web sites and...

This paper argues that number of deaths in a conflict can be a measure of duration and demonstrates that there are information gains to this approach. The well-known conflict database of International Peace Research Institute is compared with the database of Center for Systemic Peace which...

This paper estimates the determinants of the size of oil tanker spills. In the lit- erature, spill size has been estimated but the results are not very strong. A review of the existing results is provided and the determinants of spill size using a sample selection model are estimated. Estimates...

This paper estimates the determinants of the size of oil tanker spills without dis- tributional assumptions on the error terms. We employ semiparametric estimation techniques to estimate the parameters of a sample selection model and compare them to the estimates from a sample selection model...

This paper presents a model of endogenous oil spill regulation where the severity of regulations is shown to be a function of the size of recent spills. The regulator chooses how much to regulate in order to maximize political capital when regulations are rigid downwards and the distribution of...

This paper is a contribution to the vast literature on the inefficiency in the index options markets. Previous research has found that trading based on implied volatility forecasts do not generate positive profits for the S&P 500 index options but GARCH volatility forecasts do. Trading based on...

In this paper we analyze the potential impact of the EU sugar reform on the Turkish sugar industry. Turkey’s candidacy to the EU and its strong economic links to the region imply that EU sugar policy will likely to be binding for Turkey as well in which case this will lead to a decrease in...