As agricultural products move from being economic commodities to quality-differentiated goods, price dispersion within specific markets increases and implicit subsidies from high quality producers to low quality producers are removed. This paper examines how these distributional effects can influence patterns of support and opposition to changes in marketing arrangements. The simple model devel...

The paper provides policymakers and regulators with an overview of the more relevant theoretical issues related to the pricing of access to ensure that the political debate around practical concerns is solidly grounded. The paper discusses in detail the importance of access pricing in the context of: 1) a liberalized and vertically separated industry, 2) liberalized but vertically integrated in...

This paper analyzes the question whether traders learn to coordinate on a trading institution that guarantees market clearing, or whether other market institutions can survive in the long run. While we find that the market clearing institution is indeed always stable under a general class of learning dynamics, it turns out that also other, non-market clearing institutions are stable. Hence, in ...

Storable products allow consumers to time their purchases to exploit price fluctuations. It has been documented that during promotions consumers buy more. The additional purchases are potentially intended not only for current use, but to be stockpiled for future consumption. This paper discusses the predictions of a consumer inventory model and reviews the available evidence. We then discuss th...

ÖZ
 Bu çalışmada amaç, 2004-2018 yılları arasında Türkiye’de turizm sektörüne sağlanan teşviklerin talebi üzerindeki etkisini analiz etmektir. Modellerde kullanılan bağımlı değişken, net geliri iken bağımsız değişkenler, turizme yönelik teşvikli istihdam, sabit yatırım ve belge adedidir. amaçla değişkenler arasındaki eştümleşme ilişkisi yapısal kırılmaya izin veren Gregory Hansen (1996) il...