Talat S. Genc

Professor of Economics

Gordon S. Lang School of Business and Economics, Department of Economics & Finance

Google Scholar

RePEc/IDEAS

Research Areas

Economics/Finance

About

Biography

Areas of Specialization: Industrial Organization, Energy and Environmental Economics.

Prof. Genc received his BSc. and MA from Bogazici University, Turkey in 1997, 1999, respectively. He obtained an MA in Economics and MSc in Industrial Engineering from the University of Arizona, and in 2003 was awarded his PhD in Economics through the University of Arizona, USA. He joined the University of Guelph in 2004 and has regularly taught graduate and undergraduate courses in Industrial Organization, Managerial Economics, and Economics of Regulation.

Genc’s extensive experience in Industrial Economics and Energy and Environmental Economics has led to over 25 published works on topics ranging from Energy Markets to Dynamic Games. His research has been published in journals including Journal of Economic Dynamics and Control, International Journal of Industrial Organization, International Journal of Production Economics, Energy Economics, European Journal of Operational Research, and Operations Research.

His special interests include circular economy structure-conduct-performance analysis, market power issues and optimal bidding in electricity markets, regulation and deregulation issues in energy markets, OPEC and oil markets, capacity investments in game-theoretic settings, resource allocations under indivisibilities, and equilibrium characterization and computations under uncertainty in large-scale oligopolies. He has held visiting positions at Tilburg University, Gulf University for Science and Technology, ESSEC Business School, LUISS University, Jinan-Birmingham JI, and Kuwait University.

Genc’s current research at the University of Guelph aims to understand restructuring issues in electricity markets and could benefit Canadian electricity markets by offering means to understand cross-border trade, pricing, investment, and environmental conservation issues germane to electricity sector.

Research Interests

Talat Genc's research interests concern circular economy analysis, market power issues and optimal bidding in electricity markets, regulation and deregulation issues in energy markets, OPEC and oil markets, capacity investments in game-theoretic settings, resource allocations under indivisibilities, and equilibrium characterization and computations under uncertainty in large-scale oligopolies.

Recent Projects

Dr. Talat Genc, a professor in the Department of Economics and Finance, specializes in Industrial Organization and Energy and Environmental Economics. He earned his BSc. and MA from Bogazici University, Turkey, and further pursued an MA in Economics and an MSc in Industrial Engineering from the University of Arizona, where he also completed his PhD in Economics. Dr. Genc has been a faculty member at the university since 2004.

In his 2023 article "Energy Transition and the Economy: A Review Article," published in *Energies*, Dr. Genc and his co-author provide a comprehensive review of the economic aspects of the ongoing energy transition. The paper examines the shift towards renewable and low-carbon energy sources like wind and solar, and the implications for industries, consumers, governments, and markets. Amidst global efforts to limit the environmental impact of fossil fuels and ensure energy security, their research synthesizes recent academic literature to identify active topics and highlight potential research gaps.

The study underscores the importance of the energy transition, amplified by recent geopolitical events such as the Russian-Ukraine conflict, which have forced countries to seek new energy suppliers and investigate sustainable sources for long-term energy security. Dr. Genc’s paper reviews influential articles in prominent journals, providing insights into the economic, financial, and trade dimensions of the energy transition. The review aims to guide future research and inform policymakers and stakeholders about the critical areas of focus in this vital sector.

Dr. Genc's current research at the focuses on restructuring issues in electricity markets, with an emphasis on benefiting Canadian electricity markets through addressing cross-border trade, pricing, investment, and environmental conservation challenges. His work continues to contribute significantly to understanding and navigating the complexities of the energy transition and its economic impacts.

Genc, T. S., & Kosempel, S. (2023). Energy Transition and the Economy: A Review Article. Energies, 16(7), 2965. https://doi.org/10.3390/en16072965.

Publications

Talat Genc's working papers and publications are available at:

RePEc (Research Papers in Economics): https://ideas.repec.org/e/pge79.html#works
Google Scholar: https://scholar.google.com/citations?user=ppqqKRQAAAAJ&hl=en

Refereed Publications

28. " A Sustainable Semiconductor Supply Chain under Regulation". [.pdf] International Journal of Production Economics, 2024, vol 278, 109426.

27. " A Circular Economy with Tax Policy: Using Collection Channels and Returns to Mitigate Distortions in Steel Production and Recycling". [.pdf], Journal of Cleaner Production, 2024, vol 451, 142120.

26. "Energy Transition and the Role of New Natural Gas Turbines for Power Production: The Case of GT11N2 M Generators". [.pdf], Energy Economics, 2024, vol 131, 107412.

25. "Energy Transition and the Economy: A Review Article". [.pdf], with S. Kosempel. Energies, 16(7), 2965, 2023.

24. "Implementing The United Nations Sustainable Development Goals to Supply Chains with Behavioral Consumers". [.pdf], Annals of Operations Research, 2021.

23. "Dynamic Pricing and Green Investments under Conscious, Emotional, and Rational Consumers", [.pdf] with P. De Giovanni, Cleaner and Responsible Consumption, vol 2, July, 2021

22. "Dynamic Competition In Electricity Markets under Uncertainty”, [.pdf] with H. Thille and K. ElMawazini, Energy Economics, vol 90, August, 2020.

21. "Closed-loop Supply Chain Games with Innovation-led Lean Programs and Sustainability”, [.pdf] with P. De Giovanni, International Journal of Production Economics, 219: 440-456, 2020.

20. "Coordination in Closed-Loop Supply Chain with Price-Dependent Returns”, [.pdf] with P. De Giovanni, chapter Games in Management Science: Essays in Honor of Georges Zaccour; Pineau, P.O, et al. (eds), Springer-Verlag, pp. 87-113, 2019. DOI: 10.1007/978-3-030-19107-8_6

19. "Who Should Own A Renewable Technology? Ownership Theory and an Application", [.pdf] with S. Reynolds, International Journal of Industrial Organization, 63: 213-238, 2019.

18. "Optimal Return and Rebate Mechanism in a Closed-loop Supply Chain Game”, [.pdf] with P. De Giovanni”, European Journal of Operational Research, 269:661-681, 2018.

17. "Power Trade, Welfare, and Air Quality", [.pdf] with A. Aydemir, Energy Economics, 67:423-438, 2017.

16. "OPEC and Demand Response to Crude Oil Prices", [.pdf], Energy Economics, 66:238-246, 2017.

15. "The Impact of Lead Time on Capital Investments", [.pdf], Journal of Economic Dynamics and Control, 82:142-164, 2017.

14. "Trade-in and Save: A Two-period Closed-loop Supply Chain Game with Price and Quality Dependent Returns", [.pdf], with P. De Giovanni, special issue on CLSC: Economics, Modeling, Management and Control, International Journal of Production Economics, 183 (B):514-527, 2017.

13. "Measuring Demand Responses to Wholesale Electricity Prices Using Market Power Indices", [.pdf], Energy Economics, 56, 247-260, 2016.

12. "Electricity Trade Patterns in a Network", [.pdf] , with P.O.Pineau, E. Yazgan, chapter in Progress in Clean Energy, 2, Novel Systems and Applications. Dincer et al. (eds.), Springer-Verlag, pp. 669-692; 2015.

11."Capacity Investments in a Stochastic Dynamic Game: Equilibrium Characterization", [.pdf] with G. Zaccour, Operations Research Letters, 41(5), 482-485, 2013.

10. "Equilibrium Predictions in Wholesale Electricity Markets", [.pdf], Handbook of Networks in Power Systems I, Energy Systems, DOI 10.1007/978-3-642-23193-3_10, Springer-Verlag Berlin Heidelberg, pp.263-279, 2012.

9. "Investment in Electricity Markets with Asymmetric Technologies", [.pdf] with H. Thille, Energy Economics, 33(3): 379-387, 2011.

8. "Supply Function Equilibria with Capacity Constraints and Pivotal Suppliers", [.pdf] with S. Reynolds, International Journal of Industrial Organization, 29(4): 432-442, 2011.

7. "Multimarket Contact in Vertically Related Markets", [.pdf] with S. Ecer, Information Systems and Operational Research, special issue on Energy Markets and Game Theory, 48(4): 203-213, 2010.

6. "Discriminatory versus Uniform-price Electricity Auctions with Supply Function Equilibrium", [.pdf] Journal of Optimization Theory and Applications, 140(1): 9-31, 2009.

5. "An Analysis of Capacity and Price Trajectories for the Ontario Electricity Market Using Dynamic Nash Equilibrium under Uncertainty", [.pdf] with S. Sen, Energy Economics, 30(1): 173-191, 2008.

4. "A Dynamic Cournot-Nash Game: A Representation of a Finitely Repeated Feedback Game", [.pdf] Computational Management Science, 4(2):141-157, 2007, special issue on Computations and Game Theory.

3. "Dynamic Oligopolistic Games Under Uncertainty: A Stochastic Programming Approach", [.pdf] with S. Reynolds and S. Sen, Journal of Economic Dynamics and Control, 31(1):55-80, 2007.

2. "A Stochastic Programming Approach to Power Portfolio Optimization", [.pdf] with S. Sen & L. Yu, Operations Research, 54(1):55-72, 2006.

1. "Decision Aids for Scheduling and Hedging (DASH) in Deregulated Electricity Markets: A Stochastic Programming Approach to Power Portfolio Optimization", [.pdf] with S. Sen and L. Yu, Proceedings of the 2002 Winter Simulation Conference, E.Yucesan, C.H. Chen, J.L. Snowdon, J.M. Charnes, eds., 1530-1538, 2002.