In this study, we test the semistrong form of the efficient market hypothesis in Turkey by using the recently developed techniques in time series econometrics, namely unit roots and cointegration. The long run relationship ...

This paper studies free-riding incentives on common environmental resources in an incomplete information repeated game where abatements are perishable and perfect substitutes. Two contrasting types of perfect Bayesian ...

We present a continuum economy with risk neutral agents having heterogeneous expectations and restricted short sales. A stochastic version of the model is also formulated and the resulting time series behavior of the price ...

We study private provision of a continuous public good in an incomplete information repeated game. The analysis generates the following predictions in the form of Perfect Bayesian equilibria. When the discount factor is ...

Against a historical background marked by “the most radical secular revolution of any state in the Muslim world,” the Turkish state over the past decade has faced an Islamic fundamentalist challenge to its secular basis. ...

This paper explores implications of interactions between noncontractibility of quality, multidimensional hidden information, switching costs and the frequency of trade on the terms of contracts in a buyer-seller setup. ...

This paper finds that when the Congress and Presidency are controlled by the different political parties in the USA the creation of the seigniorage revenue to finance spending is not higher than when those two branches are ...

A user who makes repeated use of a retrieval system may be assumed to have a context which is common to successive uses (even if the immediate need differs). An IR system which could make use of this context may be better ...

This article investigates the experiences of rural migrant women in an apartment district and a squatter (gecekondu) settlement in Ankara, Turkey. It demonstrates the significant role the housing environment plays in the ...