Fields of Specialization
- Industrial Organization.
- Microeconomics.
- Economic Theory.
Curriculum Vitae
Education
- PhD Economics, University of Iowa, 2003.
- MS Mathematics, University of Iowa, 2001.
- MA Economics, University of Iowa, 2001.
Selected Publications and Working Papers
- Bidding into Bankruptcy: How Auction Order Shapes Outcomes in Sequential Auctions.
- Selling Order in a Sequential Auction . Osaka University, ISER Discussion Paper No. 1271, 2024. Revision Requested by Economic Theory Bulletin.
- Experiments on the Different Numbers of Bidders in Sequential Auctions (with Ricardo Huamán-Aguilar). PUCP Working Paper, 2024.
- Tariffs, R&D, and Two Merger Policies (with Mehdi Arzandeh). Review of International Economics, Vol. 31(1), 81-105, 2023.
- Exposure Problem in Multi-Unit Auctions (with Xin Meng). International Journal of Industrial Organization, Vol. 52, 165-187, May 2017.
- Social Learning and Delay in a Dynamic Model of Price Competition (with M. Aoyagi & M. Bhalla). Journal of Economic Theory, Vol. 165, 565-600, September 2016.
- Waiting for Signaling Quality. Southern Economic Journal, Vol. 81, 364-386, October 2014.
- Strategic Waiting in the IPO Markets (with G. Colak). Journal of Corporate Finance, Vol. 17, 555-583, June 2011.
- The Role of Externalities and Information Aggregation in Market Collapse. Economic Theory, Vol. 35, Issue 2, 367-379, May 2008.
- Strategic Delay in Market Entry. Canadian Journal of Economics, Vol. 41, Issue 3, 998-1014, August 2008.
Research Interests
- Mergers
- Social Learning and Strategic Delay
- Auctions
Grants
- SSHRC Insight Development Grant (IDG), 2023–2026, ≈ $68,000, Principal Investigator.
- SSHRC, 2008–2012, $69,600, Principal Investigator.
- The National Natural Science Foundation of China, 2014–2016, Foreign Expert, RMB 150,000.
Teaching
- Mathematical Economics
- Advanced Microeconomic Theory
- Game Theory
- Industrial Organization
- Teaching Evaluations, Econ2030, Winter 2021
Contact Information
- Address: Hikmet Gunay, Economics, 501 F. A. Bldg., University of Manitoba, Winnipeg, MB, R3T 5V5, Canada
- Office: 511 Fletcher Argue Building
- Tel.: (204) 474-8915. I will not be checking my voice mail. Please send an e-mail.
- Fax: (204) 474-7681
- Gunay’s e-mail
- Email: Hikmet.Gunay@umanitoba.ca
Updated by Hikmet Gunay (Günay) — September 2025.