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In this search you can find faculty members in a particular area of research, or browse the wide variety of research happening at the U of M.

Our faculty members have maintained information about their research expertise and interests, current teaching areas and other activities. They manage their information from the My Research Tools (MRT) website. More information about MRT is available here.

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Gunay, Hikmet

Professor, Economics

Email: Hikmet.Gunay@umanitoba.ca

Home Page: http://home.cc.umanitoba.ca/~gunay/

Keywords

Keyword Discipline

auction

Behavioral/Social Sciences

Economic Competitiveness

Behavioral/Social Sciences

Economic Theory

Behavioral/Social Sciences

Economics

Behavioral/Social Sciences

Economics of Telecommunications

Behavioral/Social Sciences

Finance

Management

Games Theory

Science/Math/Technology

Research Description

I specialize on auction theory. Auctions are extensively used by governments, firms, and public. Telecommunication companies such as Manitoba Telecom Services (MTS) and Rogers buy spectrum through auctions designed by Industry Canada. Google uses auctions to determine which advertisments will be placed (and in what order) whenever a user searches keywords. I work on auction design; that is, what type of auction must be used to maximize revenue and/or to reach efficiency.

I also specialize on firms' strateiges, competition policy, and industrial organization. Firms use different pricing strategies in different markets. They also use (legal or illegal) strategies to deter entry of other firms, or collusion strategies to fix prices. Competition Bureua/Industry Canada promote competitive markets, and try to stop illegal activities such as price fixing.

My other area of research has been the role of beliefs on market crashes, initial public offerings (IPO), and microeconomics level development issues.

Teaching Description

I have taught game theory, auction theory, industrial organization, and microeconomics among others.

Public/Media (Non-Technical) Description

I specialize on auction theory. Auctions are extensively used by governments, firms, and public. Telecommunication companies such as Manitoba Telecom Services (MTS) and Rogers buy spectrum through auctions designed by Industry Canada. Google uses auctions to determine which advertisments will be placed (and in what order) whenever a user searches keywords. I work on auction design; that is, what type of auction must be used to maximize revenue and/or to reach efficiency.

I also specialize on firm strateiges, competition policy, and industrial organization. Firms use different pricing strategies in different markets. They also use (legal or illegal) strategies to deter entry of other firms or collusion strategies to fix prices. Competition Bureua/Industry Canada promote competitive markets, and try to stop illegal activities such as price fixing.

My other area of research has been the role of beliefs on market crashes, initial public offerings (IPO).

I also follow oil (gas) prices, Bank of Canada interest rates, Dow Jones Stock Index (DJI).

I have published in respected journals (such as Economic Theory, Journal of Corporate Finance, Canadian Journal of Economics, and Southern Economic Journal) on these topics and have been invited to many universities (such as University of Melbourne, Osaka University, Kyoto, York, Ryerson) to give seminar talks.

Languages (other than English)

Japanese - Speak, Comprehend Aurally

Turkish - Read, Write, Speak, Comprehend Aurally

International Activities

Auctions (spectrum license auctions)

This is a joint project with Dr. Xin Meng at Southwestern University of Finance and Economics (SWUFE) in China. This research is now funded by The National Natural Science Foundation of China.

This research analyzes the shortcomings of the auction design used to sell spectrum licenses in Canada in 2008. We showed that if another auction method were used, government's revenue would be 3% more and the specturm allocation would be efficient. Given that the revenue of the auction were 4 billion dollar, a 3% increase would be $120 million. Our research used some simplifying assumptions so one has to be careful when interpreting the results. Not surprisingly, Industry Canada announce that it will use a different design in their next round of spectrum license auction.

Partners Southwestern University of Finance and Economics (SWUFE) China
Funding Agencies The National Natural Science Foundation of China, SWUFE and University of Manitoba
Location China
Countries Canada, China, United States
Dates 2010 - 2015

Social Learning in Duopoly--Research Visit to Osaka University

This is a research project that I started when I was visiting Osaka Unviersity and Indian Institute of Management in Bangalore during my research leave in 2012. This research anlayzes the pricing strategies of firms in a "duopoly" market when consumers learn the quality of the good the firms sell.

Partners Osaka University--Institute of Social and Economic Research and Indian Institute of Management-Bangalore, India
Location Osaka
Countries Japan, India
Dates 2012 - [none]

Initial Public Offerings-IPOs

Dr. Gonul Colak, at Florida State University, Finance Department is a research collaborator. It is funded by SSHRC. The results of this research is published at a respected finance journal, Journal of Corporate Finance.

Our research shows that the firms that go public after an economic recession are more likely to be "bad" quality firms. The "good" quality firms wait to see the results of these first initial public offerings before going public.

Partners Florida State University, Finance Department
Funding Agencies SSHRC
Countries United States
Dates 2008 - 2012

Curriculum Vitae

CV_GunayHikmet.pdf(PDF - 82.49 KB)Download

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