TOBB ETU Economics Undergraduate Students at the 31st Economics Congress of the Turkish Economic Association
9 DAY(S) AGO
TOBB ETU Department of Economics senior undergraduate students Mehmet Ercoşkun, Serhat Gökçekli, and Gizem Yılmaz, along with our faculty member İsmail Sağlam, participated in the 31st Economics Congress (TEA2024), organized by the Turkish Economic Association, to present the results of their joint academic research conducted over the past five months. The congress took place from October 31 to November 2.
The presentation of the joint paper titled "Licensing in a Differentiated Product Duopoly with Price and Quantity Contracts" was made by Mehmet Ercoşkun, who was joined by all the group members at the session. Over 180 academics participated in more than 40 different sessions at the congress. This year, TOBB ETU Department of Economics faculty members Prof. Fatih Özatay, Prof. Serdar Sayan, Assoc. Prof. Belgi Turan, Assoc. Prof. Ünay Tamgaç Tezcan, and Asst. Prof. Güneş Arkadaş Aşık also attended and shared their latest scientific work with a broad academic audience.
The joint work of our students Mehmet Ercoşkun, Serhat Gökçekli, Gizem Yılmaz and our faculty member İsmail Sağlam demonstrates how price competition, quantity competition, or price/quantity mixed competition, which may arise between firms (depending on the price and quantity contracts they can make with consumers), can be internalized as a Nash equilibrium in a game-theoretical model, based on the demand and cost structures of the industry. The work extends the model and results from N. Singh and X. Vives’ 1984 paper published in The Rand Journal of Economics, which originally focused on the possibility of technology licensing between firms under cost asymmetry.
The English abstract of the paper can be accessed through the link below.