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Yayın What would normalisation of economic relations between Mashrek countries, Turkey and Israel imply?(Blackwell, 2007-04) Tovias, Alfred; Kalaycıoğlu, Sema; Dafni, Inon; Ruben, Ester; Herman, LiorThis article examines the potential for economic cooperation among Mashrek countries, Turkey and Israel in the fields of trade in goods and services both separately and across-field. It first describes the macroeconomic features of the region and then estimates the overall potential for inter-industry trade in goods by estimating gravity equations for each country separately and the potential for intra-industry trade using Grubel-Lloyd indices. The article also examines the potential for trade in specific services, namely information and computer technology, transport, financial and health services.Yayın On the performance of West's bubble test: A simulation approach(Elsevier science inc, 2010-12-01) Yüksel, Sadettin Aydın; Akdeniz, Levent; Altay Salih, AslıhanIn this research we examine the ability of West's bubble test [1] in detecting speculative bubbles using Brock's (1982) [2] intertemporal general equilibrium model of asset pricing as the basis for a simulation study. In this setting, (1) the economy, by construction is efficient and produces the maximally possible amount of welfare for society, and (2) asset prices reflect the utility-maximizing behavior of consumers and the profit-maximizing behavior of firms. We find that the West's bubble test flag as "bubbles" in the simulated data yet the data is produced from an economy in which markets are efficient in welfare production.Yayın Anti-tobacco control industry strategies in Turkey(BioMed Central Ltd, 2018-02-26) Keklik, Seda; Gültekin Karakas, DeryaBackground: Transnational tobacco companies (TTCs) penetrated the Turkish cigarette market due to trade and investment liberalization in the post-1980 period and eventually secured full control. Despite tobacco control policies put in place in reaction to accelerating consumption, TTCs reinforced their market power through a variety of strategies. This paper explores industry strategies that counteract tobacco control policies in Turkey. Methods: The study employs both qualitative and quantitative analyses to explore industry strategies in Turkey. Besides the content analyses of industry and market reports, descriptive analyses were conducted for the sub-periods of 1999-2015. The analyses focus on the market strategies of product innovation, advertisement-promotion, cost management and pricing. Results: Rising sales of low tar, ultra-low tar, slim, super-slim and flavoured cigarettes indicate that product innovation served to sustain consumption. Besides, the tobacco industry, using its strong distribution channels, the Internet, and CSR projects, were found to have promoted smoking indirectly. The industry also rationalized manufacturing facilities and reduced the cost of tobacco, making Turkey a cigarette-manufacturing base. Tobacco manufacturers, moreover, offered cigarettes in different price segments and adjusted net prices both up and down according to price categories and market conditions. In response to the successful effect of shifts in price margins, the market share of mid-priced cigarettes expanded while those within the economy category maintained the highest market share. As a result of pricing strategies, net sales revenues increased. Aside from official cigarette sales, the upward trends in the registered and unregistered sales of cigarette substitutes indicate that the demand-side tobacco control efforts remain inadequate. Conclusions: The Turkish case reveals that the resilience of the tobacco industry vis-a-vis mainstream tobacco control efforts necessitates a new policy perspective. Rising market concentration by TTCs and the global nature of industry strategies require that the highly profitable manufacturing and trade of tobacco products should be discouraged on a basis of international collaboration. To reduce and eventually eradicate tobacco consumption, supply-side tobacco control measures are needed along with demand-side policies.Yayın Free software, business capital, and institutional change: a veblenian analysis of the software industry(M. E. Sharpe Inc, 2012-12) Koloğlugil, Serhat; Koloğlugil, SerhatFree software, unlike proprietary software under exclusive copyright control, exemplifies a form of productive and innovative activity that is based upon mutual sharing of technological knowledge. Free software engineers, who get connected through various software-development projects, voluntarily contribute their time and skills to produce computer programs which, they insist, should be free for anyone to use, modify, and distribute. This paper argues that Thorstein Veblen's socio-economic theory - in particular his conceptions of capital, technological knowledge and institutional change - offers a fruitful framework to analyze the emergence of free software as an economic and social phenomenon. From the Veblenian perspective, the free software movement argues that the technological knowledge in the software industry should freely be available to society as a part of its common stock of knowledge. In other words, they are against the use of copyright law as a predatory strategy by software corporations, while the current technological conditions in the software industry allow for an institutional arrangement of production and innovation based on cooperative habits of thought.
