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BENAN ZEKİ ORBAY Istanbul Bilgi Üniversity, Business Administration Department, Eyüp, Istanbul Tel: 02123117134 e-mail: benan.orbay@bilgi.edu.tr CURRICULUM VITAE EDUCATION 1986-1992 Ph.D., Economics, Bogazici University, Istanbul, Turkey 1984-1986 MS, Managerial Engineering Istanbul Technical University, Istanbul, Turkey 1979-1984 BS, Chemical Engineering Bogazici University WORK EXPERIENCE 1986- Teaching/Research Assistant Department of Management Engineering Istanbul Technical University 1992-1995 Visiting Scholar Department of Economics Stanford University 1995-1998 Assistant Professor Department of Management Engineering Istanbul Technical University 1998-2004 Associate Professor Department of Management Engineering

Istanbul Technical University 2004-2008 Full Professor Department of Management Engineering Istanbul Technical University 2008-2013 Full Professor Doğuş University Faculty of Economics and Administrative Sciences, Business Admnistration Dept. 2008-2015 Full Professor Doğuş University Faculty of Economics and Administrative Sciences, Economics and Finance Dept 2015- Full Professor Istanbul Bilgi University Faculty of Economics and Administrative Sciences, Business Admnistration Dept. COURSES TAUGHT Mathematical Economics (undergraduate), Managerial Economics (graduate) Business Economics (graduate) Industrial Economics (graduate) Microeconomic II (graduate) Game Theory (undergraduate) Microeconomics (undergraduate) Economics I Advanced Microeconomic (PhD) PROFESIONAL SERVICES 2015- Istanbul Bilgi University, Business Admnistration Department Head. 2014 Referee for 9th International Conference: New Perspectives in Tourism Management. 2013- Referee for World Transport of Transport Research Society. 2013- Referee for Emerging Markets Finance and Trade.

2013- Referee for Journal of Public Economic Theory. 2011- Referee for Economics Bulletin. 2013-2015 Doğuş University, Economics and Finance Department Head. 2012-2013 Dean at Doğuş University, Faculty of Economics and Administrative Sciences. 2009- Membership at Murat Sertel Center for Advanced Economic Studies. 2009- Association of Southern European Economic Theorists (ASSET) Local Program Committee membership 2008-2013 Doğuş Üniversity Faculty of Economics and Administrative Sciences, Business Admnistration Department Head. 2007- Uluslararası Ekonomi ve Dış Ticaret Politikaları Dergisi (International Economics and Trade Journal) Editorial Board Member 2006-2007 İTÜ Social Sciences Institute Vice Head 2006-2008 İTÜ Faculty of Management Faculty Board Member 2005-2007 İTÜ Faculty of Management, Executive MBA Program Coordinator 2004-2007 İTÜ Economics Graduate Program Cordinators Board Member 2002-2004 Vice Dean of the ITU Management Faculty 2000 Organazing Comittee member of the Society for Economic Design İstanbul Meeting 1997- Referee for the Review of Economic Design, Springer-Verlag 1996 Organazing Comittee member of the European Economic Association ve Econometric Society nin İstanbul Meetigs 1997-1998 ITU Management Faculty Board membership PUBLICATIONS

I. Published Articles in Journals Comparison of economic benefits of university and vocational high school education among different majors in Turkey (with Yiğit Aydede), European Journal of Higher Education, 2015, http://dx.doi.org/10.1080/21568235.2015.1075893. Game Theory and Engineering Applications (with Levent Sevgi) IEEE Antennas and Propagation, Vol. 52, No. 3, Haziran 2014. (SCI) Export Subsidies and Exchange Rate Pass-Through, (with Hakan Orbay), Review of International Economics, 21 (4), 627-635, 2013. (SSCI) Location choice under trade and environmental policies (with Şule Çelik), Economic Modelling, Vol 28, 1710-15, 2011. (SSCI) The Effects of Foreign Exchange Rate Movements on Domestic Prices in the Turkish Manufacturing Industry, (with Öner Günçavdı), EconoQuantum, Vol. 1, No. 1, 41-56, 2004. Talmudic Division as a Cartel Rule under Incomplete Information, (with Hakan Orbay) Journal of Economics and Business, 55, 167-175, 2003. Exchange Rates, Market Structures and Price-Cost Margins: Evidence From a Developing Country, (with Öner Günçavdı), Applied Economics, 34, 783-789, 2002. Exchange Rates, Relative Domestic Prices and Disinflation Programme in Turkey, (with Öner Günçavdı), Russian & East European Finance and Trade(current name is Emerging Markets Finance and Trade), Vol. 37, No. 4, 39-49, Temmuz-Ağustos, 2001. Nash Bargaining Solution under Pre-donation and Collusion in a Duopoly, (with Murat R. Sertel), METU Development Journal, 4, 585-599, 1998. Book Review: Industrial Economics and Organization: A European Perspective, Jacobson D. and B. A. O`Callaghan, 1996, McGraw-Hill) (with Gülay Günlük Şenesen), Economic Systems Research, Vol. 9, No:3, 291-293, 1997. The Trade Paradox Persists Under Excise Taxes, (with Murat R. Sertel), European Journal of Political Economy, Vol. 11.4, 743-759, 1995. II. Book Chapters Kalai-Smorodinsky and Maschler-Perles Solutions under Predonation, Advances in Economic Design, Ed. Murat R. Sertel, S. Koray (Eds.), 205-216, Springer-Verlag, Berlin 2003.

Protectionism versus Non-protectionism under Cost Uncertainty in Cournot and Stackelberg Markets, 1999, Current Trends in Economics: Theory and Applications, Studies in Economic Theory, Eds. Alkan, A., C.D. Aliprantis and N.C. Yannelis, Vol 8, 345-365, Springer-Verlag, 1999. Bir Duopol Piyasada Paket Fiyatlama (Bundling in a Duopoly) (with Deniz Kayalı) Halil Aksu ya Armağan Kitabında, Eds. Günçavdı, Ö, Küçükçifçi, S. ve E. Tokdemir, 2000. III. Books Türkiye Emek Piyasasının Yapısı ve İşşizlik, (The Structure of Turkish Labor Market and Unemployment) (with Hacer Ansal, Suat Küçükçifçi ve Özlem Onaran), Türkiye Ekonomik ve Toplumsal Tarih Vakfı, İstanbul, 2000. IV. Conference Papers Educational Mismatch, Private Returns and Cost of Underutilization: An application to Turkish Case (with Yiğit Aydede) Western Economic Association International, Hawai, June, 2015. Effects of Government Policies on Location Choice of a MNC between Asymmetric Countries (Suna Gönültaş ile), SED, İstanbul, July, 2015. Comparison of Economic Benefits of University and Vocational High School Education among Different Majors in Turkey (Yiğit Aydede ile) International Conference on New Horizons in Education (INTE), Paris, June, 2014. The Effects of Exchange Rates and Labor Intensity on Environmental Policies and Location Choice (Hakan Orbay ile), 4th World Congress of Game Theory Society, İstanbul, Temmuz, 2012. Effects of Direct Trade Barriers on Northern Cyprus Economy: A Game Theoretical Model (with Suna Gönültaş), MEEA 9. International Meeting, İstanbul, June, 2010. Foreign Direct Investment, Exchange Rates and Technological Spillovers, (with Suna Gönültaş), Eurosea Business and Economic Society 9. Annual Meeting, İstanbul, June, 2009. Foreign Direct Investment and R&D (with Yeliz Aydemir and Özgür Kayalıca), 7th International Conference of the MEEA, Famagusta, Cyprus, 2008.

Exchange Rate Uncertainty, Cost Asymmetries and Trade Liberalization, The 11 th IFAC Intl. Symposium CEFIS 2007, October 9-11, Istanbul, Turkey. Trade and Environmental Policies and Foreign Direct Investment, (with Şule Aytaşkın Çelik), Soceity for Economic Design (SED) Annual Conference, 2006 Temmuz, Bodrum. European Association for Research in Industrial Economics (EARIE), Eylül, 2007, Valencia, İspanya. The Effects of Exchange Rate Uncertainty and Cost Asymmetries on Trade Liberalization in a Developing Country, (with Alpay Filiztekin), Middle East Economic Association Meeting, Boston., January, 2006. Capacity Choice, Foreign Trade and Exchange Rates, (with Alpay Filiztekin), Society for Economic Design (SED) Conference, 2004 July, Mayorka, İspanya. Effects of Exchange Rates on R&D and Foreign Direct Investment Decisions in Oligopolies (with Eren İnci) Southern European Association for Economic Theory (ASSET), Istanbul, Ekim, 2003. Capacity Choice, Exchange Rates and Industry Structure, (with Alpay Filiztekin ve Öner Günçavdı) accepted for presentation in Middle East Economic Association Meeting in Washington D.C., January 2003. Exchange Rates and Foreign Direct Investment in Oligopolies, (with Eren İnci), VI. METU Conference in Economics, September,, Ankara, 2002. Technology Transfer, R&D and Trade Policies (with Berk Ataman), The Impact of Globalization on World business in the new Millenium: Competition, Cooperation, Environment, and Development, Eds. Erdener Kaynak and Fulya D. Sarvan, Proceedings of 11 th World Business Congress, s. 618-623, 2002. Investment Uncertainty and Industry Structure, (with Alpay Filiztekin ve Öner Günçavdı), V. METU Conference in Economics, September,, Ankara, 2001. Technology Transfer between Firms from Developed and Less-Developed Countries, (with Berk Ataman), V. METU Conference in Economics, September,, Ankara, 2001. Advertising Choice of the Firms: A Game Theoretic Approach (with Nimet Uray), Eds., Spotts, H., H.L. Meadow and S.M. Smith, Proceedings of The Tenth Biennial World Marketing Congress, Vol X, 2001. Does an Exchange-Rate-Based Stabilization Programme Help for Disinflation in Turkey? (with Öner Günçavdı), Middle East Economic Association Meeting in New Orleans, January 2001.

Imperfect Competition and Incentives for Bundling accepted for presentation in Society for the Advancement of Economic Theory, (with Hakan Orbay), (VCSAET) Conference in Italy, July 2001. Strategic Bundling in a Duopoly (with Hakan Orbay), 4. METU Conference in Economics, September, Ankara, 2000. Exchange Rate Pass-through in Cournot and Stackelberg Markets (with Öner Günçavdı), 1. Conference on Economic Design, June,, İstanbul, 2000. Kalai-Smorodinsky and Maschler-Perles Solutions under Predonation, 1. Conference on Economic Design, June,, İstanbul, 2000. The effects of Foreign Exchange Rate Movements on Domestic Prices in the Turkish Manufacturing Industry (with Öner Günçavdı), Economic Research Forum Sixth Annual Meeting, October, 1999, Cairo and METU 3. Conference in Economics, Ankara, 1999. Exchange Rates, Domestic Market Structures and Foreign Trade, (with Öner Günçavdı), Econometric Society North American Summer Meeting, Montreal, June 1998, and Economic Research Forum Annual Meeting, September,, Tunisia, 1998. Welfare Implications of Intra-Industry Trade among Turkey and MENA Countries,Especially Egypt, (with Murat R. Sertel), Economic Research Form, Annual Conference Proceedings,1997. Collusion in a Differentiated Product Duopoly under Cost Uncertainty, Econometric Society European Meeting, Toulouse, August 1997. Protectionism versus Non-protectionism with Stackelberg Leader Domestic Firms, Society for the Advancements in Economic Theory, III. International Conference, June,, Antalya, 1997. Protectionist Trade Policies versus non-protectionist Policies, Econometric Society European Meeting, Istanbul, August, 1996. Talmudic Division as a Cartel Rule under Incomplete Information, Southern European Association for Economic Theory (ASSET), Istanbul, October, 1995. Collusion in a Homogeneous Product Duopoly under Incomplete Cost Information, Winter Meetings of the Econometric Society, Boston, January, 1994. The Trade Paradox Persists Under Excise Taxes, (with Murat R. Sertel), European Meeting of the Econometric Society, Brussel, August,1992.

V. Ongoing Research Effects of Degree of Relatedness.of Study Field and Occupation on Wages (with Yiğit Aydede ile) Educational Mismatch and its Effects on Private Returns and Duration of Unemployment in Turkey (with Yiğit Aydede ile) Foreign Direct Investment, Exchange Rates and Technological Spillovers, (with Suna Gönültaş). Environmental Policies Location Choice and Exchange Rates. Effects of Trade Barriers on a Small Country, (with Suna Gönültaş)