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    An MCDM-based game-theoretic approach for strategy selection in higher education
    (Elsevier Science Inc, 2022) Ekinci, Yeliz; Orbay, Benan Zeki; Karadayi, Melis Almula
    This study proposes a framework for universities and governments to select strategies by considering the strategic interactions. The strategic choices of universities and governments can be determined by analyzing the related literature and discussing it with experts in higher education (HE). Because these experts form their evaluations depending on various criteria, the outputs of multi-criteria decision-making (MCDM) models are used to determine payoff values for players by considering all strategic combinations. After constructing the payoff matrix, the Nash equilibrium concept of game theory is used to determine optimal strategies for the universities and governments for simultaneously played games. Sequential versions of the games are also analyzed using backward induction. The results show that in all games constructed using criteria with different weights, either the government or the university, or both, preferred to motivate high-quality academic research. The proposed methodology can be used by the policymakers in the higher education area, both by the central planners (usually the government) and the universities.
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    Why does field of study-occupation mismatch have no effect on wages in Turkish labour markets?
    (Routledge Journals, Taylor & Francis Ltd, 2021) Orbay, Benan Zeki; Aydede, Yigit; Erkol, Narod
    The Turkish labour market has undergone remarkable changes in the last two decades. An important development is the rising number of university graduates: The aim of this study is to explore whether the Turkish economy has undergone sufficient technological progress to favour more skilled workers, by analysing the effects of skill mismatch on wages in the Turkish labour market. Using three recent Labour Force Surveys from 2014 to 2016, we show that a significant proportion of university graduates are overeducated for their jobs. This descriptive finding in itself would not necessarily indicate a fundamental education-specific mismatch problem, but a transition in labour markets following rapid structural shifts in a developing economy. However, our findings also show that the most suitable jobs for university graduates may not require specialization in any field of study in Turkey. Both findings imply that supply and demand for skilled workers may be in short-term disequilibrium leading to surpluses in different skills in Turkish labour markets consistent with the recent evidence for constant relative real wages for skilled workers.