"Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guara…
"Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guara…
"Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guara…
This dissertation consists of three chapters, studying questions in dynamic games and information economics. These chapters represent a selection of my research conducted during the period of my PhD studies.
In the hours after the attacks of September 11, 2001, President Bush and his top aides frantically sought to prevent what was widely expected to be a wave of terrorist attacks against the United States and its interests around the world. Recognizing that the principles of deterr…
I argue that firms use referrals from current workers to mitigate a moral hazard problem. I first develop a model in which referrals relax a limited liability constraint by allowing the firm to punish both the referral recipient and referral provider if the recipient has low out…
This dissertation consists of three essays on dynamic contracts. Chapter One studies a dynamic principal-agent model in which the agent continuously works on a project which may yield a success. The principal cannot observe the success, but she observes imperfect signals over ti…
This dissertation is composed of three chapters on the subject of moral hazard in the social and political sphere. The first chapter explores the effects of asymmetric information on the public control of politicians in a world where the politicians' pre-election promises are no…
The purpose of this dissertation is to address the policies intended to minimize risks and consequences of banking crises and bank runs in developing countries in the context of a developing country, Turkey. The first part of the study empirically investigates reasons of bank fa…
