Advisors
Now showing items 1-8 of 8
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Dynamic implications of the wealth-leisure nexus
(Bilkent University, 2022-06)This thesis analyses a one-sector optimal growth model in which wealth affects the utility obtained from leisure. We consider that an increase in wealth increases the propensity to consume leisure goods and services and ... -
Effects of endogenous depreciation on the optimal timing of technology adoption
(Bilkent University, 2006)In this thesis, we use two stage optimal control techniques to analyze optimal timing of technology adoption under embodied technical change taking into account the endogenous nature of depreciation. We show that a more ... -
Essays on nonlinear dynamics in optimal growth models
(Bilkent University, 2014)Economic models with time delay have long been considered in economic theory. It is considered that delay forces the economic system into persistent cycles which can be interpreted as intrinsic crises of the capitalist ... -
Essays on status seeking, bequests and inequality
(Bilkent University, 2019-09)Social status is the motivating force that governs the behavior of individuals. The tendency to desire higher social status affects household decision making activities. The quest for social status is mostly associated ... -
On the existence of Hopf cycles in optimal growth models with time delay
(Bilkent University, 2008)In this thesis, we analyzed the existence of cycles `a la Poincar´e-AndronovHopf in optimal growth models with time delay. The analysis builds upon a new method developed, which investigates the number of pure imaginary roots ... -
On the optimal timing of regime switching in optimal growth models : a sobolev space approach
(Bilkent University, 2007)In this thesis, we derive the necessary conditions of optimality of regime switching in optimal growth models, and extend the already established results in the literature to cover the multi-stage infinite horizon models ... -
Optimal timing of an energy saving technology adoption
(Bilkent University, 2011)In this thesis, we use two stage optimal control techniques to analyze the optimal timing of energy saving technology adoptions. We assume that the physical capital goods sector is relatively more energy intensive than ... -
Status-seeking and catching up in the strategic Ramsey model
(Bilkent University, 2008)This thesis analyzes the qualitative implications of the strategic interaction on the standard Ramsey model in terms of catching up. We have shown that the strategic interaction among agents in the economy leads the ...