Advisors
Now showing items 1-10 of 10
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Bliss and growth: optimal policies under uncertainty
(Bilkent University, 1998)This thesis conducts a study on growth theory by analyzing how the results of the current optimal growth theory change when households are assumed to have bliss points in their consumption sets. For this purpose a ... -
Bounded rationality and learning in dynamic programming environments
(Bilkent University, 2001)The purpose of this thesis is to explain “excess sensitivity” puzzle observed in consumption behavior an alternative way. By deviating from full optimization axiom, in a dynamic extension of Arthur’s stochastic decision ... -
Currency substitution: a numerical dynamic programming approach
(Bilkent University, 1998)This thesis conducts a theoretical study on currency substitution in an infinitelylived small open financially repressed economy which is subject to stochastic inflation shocks. For this purpose, a dynamic programming ... -
Determinacy of equilibrium in a cash-in-advance model
(Bilkent University, 2000)This thesis studies on the determinacy of equilibrium in a cash-iii-advance production economy. The model consists o f two types of infinitely lived agents, producer and labor tyjoes. Producer types face financial ... -
Existence of competitive equilibrium under financial constraints and increasing returns
(Bilkent University, 2000)In this work we analyze the existence of equilibrium under increasing returns in a limited participation model. There arc two types of agents. Producer type has an increasing returns to scale (IRS) technology with no ... -
Inflation risk and default risk in a dynamic general equilibrium asset pricing model for an emerging market economy
(Bilkent University, 2002)In this thesis, the difference between the T-Bill returns and common stock returns in Turkey is examined. It is observed that there is a bond premium in Turkey unlike the equity premium observed in developed countries. ... -
Learning, inflation, and the Phillips Curve
(Bilkent University, 2000)The Replicator Dynamics of Evolutionary Game Theory is introduced in a closed economy so as to model how a continuum of firms evolve over time with respect to the pricing strategies. Incorporation- of Replicator Dynamics ... -
A model of boundedly rational learning in dynamic games
(Bilkent University, 1997)There are various computer-based algorithms about boundedly rational players’ learning how to behave in dynamic games, including classifier systems, genetic algorithms and neural networks. Some examples of studies using ... -
A supply side limited participation model of monetary transmission mechanism
(Bilkent University, 2001)This thesis is a theoretical investigation of how money growth affects output, employment, consumption and real wages from a supply side channel. We analyze the effects of monetary shocks under deterministic and stochastic ... -
Testing for the success and the use of contrarian strategies in İstanbul Stock Exchange
(Bilkent University, 2003)This thesis analyses an anomaly, namely the Overreaction Hypothesis, which is a widely studied behavioural finance approach that has challenged the Efficient Market Hypothesis. The Overreaction Hypothesis states that ...
