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- Title
BİR OYUN TEORİSİ ANALİZİ: OSMANLI EKONOMİSİNDE FİYAT İSTİKRARI.
- Authors
YARDIMCI, Mehmet Emin; GÜMÜŞ, Emel; GÜMÜŞ, Ümran
- Abstract
One of the basic conditions for economic stability is price stability. The advantages and disadvantages of intervening in prices in the base of economic liberalization are discussed. In the Ottoman Economy, in times of crisis such as war, famine, supply of raw materials and economic distress, prices were intervened with the fixed price application in line with the aim of preventing black market. It is necessary to reveal the advantages and disadvantages of these interventions and to evaluate the level of sustainability. For this purpose, the interaction between the artisans and the state is analyzed within the framework of a game-theoretic model repeated in this study. It is concluded that the interventions regarding the narh implementation are unsustainable.
- Subjects
PRICE regulation; FIXED prices; PRICES; BLACK market; ECONOMIC equilibrium; FAMINES
- Publication
Journal of World of Turks / Zeitschrift für die Welt der Türken, 2023, Vol 15, Issue 1, p259
- ISSN
1869-2338
- Publication type
Article
- DOI
10.46291/ZfWT/150118