Levent Kutlu
Assistant Professor of Economics
University of Texas Rio Grande Valley

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Journal Publications

2021

Understanding US Firm Efficiency and its Asset Pricing Implications
Empirical Economics, 60, 803-827. (Calice, G., Kutlu, L., and Zeng, M., 2021)

Greenhouse Gas Emission Inefficiency Spillover Effects in European Countries
International Journal of Environmental Research and Public Health, 18, 4479. (Kutlu and Wang, 2021)



2020

A Spatial Stochastic Frontier Model with Endogenous Frontier and Environmental Variables
European Journal of Operational Research, 286, 389-399. (Kutlu, L., Tran, K.C., and Tsionas, M.G., 2020)

Unknown Latent Structure and Inefficiency in Panel Stochastic Frontier Models
Journal of Productivity Analysis, 54, 75-86. (Kutlu, L., Tran, K.C., and Tsionas, M.G., 2020)

A Solution to Log of Dependent Variables with Negative Observations
Journal of Productivity Analysis, 54, 107-119. (Karakaplan, M.U., Kutlu, L., and Tsionas, M.G., 2020)

Greenhouse Gas Emission Efficiency of World Countries
International Journal of Environmental Research and Public Health, 17, 8771. (Kutlu, 2020)



2019

A Time-Varying True Individual Effects Model with Endogenous Regressors
Journal of Econometrics, 211, 539-559. (Kutlu, L., Tran, K.C., and Tsionas, M.G, 2019)

School District Consolidation Policies: Endogenous Cost Inefficiency and Saving Reversals
Empirical Economics, 56, 1729-1768. (Karakaplan, M.U. and Kutlu, L., 2019)

Agglomeration Effects and Spatial Spillovers in Efficiency Analysis – A Distribution-Free Methodology
Regional Studies, 53, 1565-1574. (Kutlu, L. and Nair-Reichert, U., 2019)

A Dynamic Stochastic Frontier Model with Threshold Effects: U.S. Bank Size and Efficiency
Journal of Productivity Analysis, 52, 69-84. (Almanidis, P., Karakaplan, M.U., Kutlu, L., 2019)

Estimating Market Power Using a Composed Error Model
Scottish Journal of Political Economy, 66, 489-510. (Karakaplan, M.U. and Kutlu, L., 2019)


2018


Estimation of Cost Efficiency without Cost Data
Journal of Productivity Analysis, 49, 137-151. (Kutlu, L. and Wang, R., 2018)

A Distribution-Free Stochastic Frontier Model with Endogenous Regressors
Economics Letters, 163, 152-154. (Kutlu, L., 2018)

Estimating Efficiency in a Spatial Stochastic Frontier Model
Economics Letters, 163, 155-157. (Kutlu, L., 2018)

US Bank Efficiency and the Fed Activity
Economics Bulletin, 38, 2047-2059. (Al Masud, M.I. and Kutlu, L., 2018)

Strategic Product Line Choice under Asymmetric Demand Structure
Japanese Economic Review, 69, 347-359. (Kutlu, L. and Nakkas, A., 2018)

Price Dispersion, Competition, and Efficiency - Evidence from Chicago Based Routes
Journal of Transport, Economics and Policy, 52, 23-44. (Kutlu, L. and Wang, R., 2018)

Price Dispersion and Optimal Price Categories with Limited Memory Consumers
Managerial and Decision Economics, 39, 97-106. (Baris, O.F. and Kutlu, L., 2018)


2017

Endogeneity in Panel Stochastic Frontier Models: An Application to the Japanese Cotton Spinning Industry
Applied Economics, 49, 5935-5939. (Karakaplan, M.U. and Kutlu, L., 2017)

Handling Endogeneity in Stochastic Frontier Analysis
Economics Bulletin, 37, 889-901. (Karakaplan, M.U. and Kutlu, L., 2017)

A Constrained State Space Approach for Estimating Firm Efficiency
Economics Letters, 152, 54-56. (Kutlu, L., 2017)

A Conduct Parameter Model of Price Discrimination
Scottish Journal of Political Economy, 64, 530-536. (Kutlu, L., 2017)

Measuring Market Power when Firms Price Discriminate
Empirical Economics, 53, 287-305. (Kutlu, L. and Sickles, R.C., 2017)


2016

Measuring Productivity and Efficiency: A Kalman Filter Approach
Journal of Productivity Analysis, 46, 155-167. (Duygun, M., Kutlu, L., and Sickles, R.C., 2016)

US Airport Governance and Efficiency
Transportation Research Part E, 89, 117-132. (Kutlu, L. and McCarthy, P., 2016)

Price Discrimination in Quantity Setting Oligopoly
Manchester School, 84, 482-505. (Kumar, R. and Kutlu, L., 2016)


2015

Limited Memory Consumers and Price Dispersion
Review of Industrial Organization, 46, 349-357. (Kutlu, L., 2015)

Voting Games of Resolute Social Choice Correspondences
Social Choice and Welfare, 45, 187-201. (Ertemel, S., Kutlu, L., and Sanver, M.R., 2015)


2014

Competition and Price Dispersion in the Airline Markets
Applied Economics, 46, 3421-3436. (Chakrabarty, D. and Kutlu, L., 2014)


2013

Misspecification in Allocative Inefficiency: A Simulation Study
Economics Letters, 118, 151-154. (Kutlu, L., 2013)


2012

Estimation of Market Power in the Presence of Firm Level Inefficiencies
Journal of Econometrics, 168, 141-155. (Kutlu, L. and Sickles, R.C, 2012)

Price Discrimination in Cournot Competition
Economics Letters, 117, 540-543. (Kutlu, L., 2012)

U.S. Banking Efficiency, 1984-1995
Economics Letters, 117, 53-56. (Kutlu, L., 2012)


2010

Battese-Coelli Estimator with Endogenous Regressors
Economics Letters, 109, 79-81. Kutlu, L., 2010)

2009

Price Discrimination in Stackelberg Competition
Journal of Industrial Economics, 57, 364. (Kutlu, L., 2009)

A Dictatorial Domain for Monotone Social Choice Functions
Economics Letters, 105, 14-16. (Kutlu, L., 2009)


2008

Intersection of Nash Implementable Social Choice Correspondences
Mathematical Social Sciences, 55, 255-257. (Kutlu, L., 2008)


2007

Superdictatorial Domains for Monotonic Social Choice Functions
Economics Letters, 97, 151-154. (Kutlu, L., 2007)

Arrovian Aggregation for Preferences over Sets
Mathematical Social Sciences, 53, 255-258. (Kutlu, L., 2007)


Book Chapters

Garcia, D., Kutlu, L., and Sickles, R.C., Market Structures, Handbook of Production Economics Volume I Edited by Subhash C. Ray, Robert G. Chambers, and Subal C. Kumbhakar (Springer), Forthcoming.

Kutlu, L., Liu, S., and Sickles, R.C., Cost, Revenue, and Profit Functions, Handbook of Production Economics Volume I Edited by Subhash C. Ray, Robert G. Chambers, and Subal C. Kumbhakar (Springer), Forthcoming.

Kutlu, L., Prudencio, D., and Sickles, R.C., Airlines, Handbook of Production Economics Volume II Edited by Subhash C. Ray, Robert G. Chambers, and Subal C. Kumbhakar (Springer), Forthcoming.

Bhattacharyya, A., Kutlu, L., and Sickles, R.C. (2019), Market Prices versus Shadow Prices, Welfare Analysis, Market Power, Chapter 11 of Palgrave Handbook of Economic Performance Analysis, Thijs ten Raa and William Greene (eds.), New York: Palgrave McMillian.

Kutlu, L. and Tran, K.C. (2019), Heterogeneity and Endogeneity in Panel Stochastic Frontier Models, Panel Data Econometrics: Theory, Edited by Mike G. Tsionas (Elsevier).