He holds B.S. in Industrial Engineering and M.A. in Economics degrees from Bo&gbreve;aziçi University, M.A. in Economic Theory and Econometrics degree from Toulouse School of Economics and Ph.D. in Economics degree from Istanbul Bilgi University. Erhan worked as a postdoctoral researcher at Koç University from September 2015 to August 2016. Umut Akoval&inodot; Ph.D. Student Department of Economics Koç University uakovali14@ku.edu.tr