Akin, Guzin Gulsun and Aysan, Ahmet Faruk and Kara, Gazi Ishak and Yildiran, Levent (2008): The Failure of Price Competition In The Turkish Credit Card Market.
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The failure of competition and the consequent high and sticky interest rates in credit card markets have been the subject of a considerable amount of debate and research lately. This paper presents the first regression testing for the existence of price competition in a credit card market to be estimated free of dynamic panel bias using recent quarterly data from Turkey. The estimation reveals that even though the effect of the cost of funds on credit card rates is statistically significant, it is very weak. The paper thus provides empirical evidence for the failure of price competition in the Turkish credit card market.
|Item Type:||MPRA Paper|
|Original Title:||The Failure of Price Competition In The Turkish Credit Card Market|
|English Title:||The Failure of Price Competition In The Turkish Credit Card Market|
|Keywords:||Credit Cards, Price Competition, System GMM, Banking|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services
D - Microeconomics > D4 - Market Structure and Pricing
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Personal Finance
|Depositing User:||Ahmet Faruk Aysan|
|Date Deposited:||10. Oct 2009 06:05|
|Last Modified:||12. Feb 2013 18:43|
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