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Measuring the Effectiveness of Competition Policy: Evidence from the Turkish Cement Industry

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  • Kulaksizoglu, Tamer

Abstract

In this paper, I develop a new method to test whether the introduction of competition policy in an industry has had any effects on its market performance. The method is based on the new empirical industrial organization methodology. I apply the method to the Turkish cement industry, which has been heavily investigated by the Turkish Competition Authority. The results show that the introduction of competition policy has had no effect in the market performance of the industry.

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File URL: http://mpra.ub.uni-muenchen.de/357/
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File URL: http://mpra.ub.uni-muenchen.de/1092/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 357.

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Date of creation: 28 Jul 2004
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Handle: RePEc:pra:mprapa:357

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  1. Michael C. Lovell, 1963. "Seasonal Adjustment of Economic Time Series and Multiple Regression," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 151, Cowles Foundation for Research in Economics, Yale University.
  2. Hansen,B.E., 1999. "Testing for linearity," Working papers, Wisconsin Madison - Social Systems 7, Wisconsin Madison - Social Systems.
  3. Kulaksizoglu, Tamer, 2004. "Competition Policy in Turkey," MPRA Paper 179, University Library of Munich, Germany.
  4. repec:cup:cbooks:9780521816632 is not listed on IDEAS
  5. Konings, Jozef & Van Cayseele, Patrick & Warzynski, Frederic, 2001. "The dynamics of industrial mark-ups in two small open economies: does national competition policy matter?," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 19(5), pages 841-859, April.
  6. Lin, Ping, et al, 2000. " The US Antitrust System and Recent Trends in Antitrust Enforcement," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 14(3), pages 255-306, July.
  7. van Alphen, Hendrik J & Merkies, Arnold H Q M, 1976. "Distributed Lags in Construction: An Empirical Study," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(2), pages 411-30, June.
  8. Dutz, Mark A. & Vagliasindi, Maria, 2000. "Competition policy implementation in transition economies: An empirical assessment," European Economic Review, Elsevier, Elsevier, vol. 44(4-6), pages 762-772, May.
  9. Shaffer, Sherrill, 1993. "A Test of Competition in Canadian Banking," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 25(1), pages 49-61, February.
  10. Lee, Tae-Hwy, 1992. "Stock-Flow Relationships in U.S. Housing Construction," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 419-30, August.
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  12. Merkies, Arnold H. Q. M. & Steyn, Ivo J., 1994. "Modelling changing lag patterns in Dutch construction," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 18(2), pages 499-509, March.
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  15. Warzynski, Frederic, 2001. "Did tough antitrust policy lead to lower mark-ups in the US manufacturing industry?," Economics Letters, Elsevier, Elsevier, vol. 70(1), pages 139-144, January.
  16. Hansen, Bruce E., 1992. "Testing for parameter instability in linear models," Journal of Policy Modeling, Elsevier, Elsevier, vol. 14(4), pages 517-533, August.
  17. Buschena, David E. & Perloff, Jeffrey M, 1990. "The creation of dominant firm market power in the coconut oil export market," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series, Department of Agricultural & Resource Economics, UC Berkeley qt9c5124mq, Department of Agricultural & Resource Economics, UC Berkeley.
  18. N. Edward Coulson & Christian Richard, 1996. "The Dynamic Impact of Unseasonable Weather on Construction Activity," Real Estate Economics, American Real Estate and Urban Economics Association, American Real Estate and Urban Economics Association, vol. 24(2), pages 179-194.
  19. Pittman, R., 1997. "Competition Law in Central Eastern Europe: Five Years Later," Papers, U.S. Department of Justice - Antitrust Division 97-2, U.S. Department of Justice - Antitrust Division.
  20. Djankov, Simeon & Hoekman, Bernard, 1997. "Competition Law in Post-Central Planning Bulgaria," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1723, C.E.P.R. Discussion Papers.
  21. Lau, Lawrence J., 1982. "On identifying the degree of competitiveness from industry price and output data," Economics Letters, Elsevier, Elsevier, vol. 10(1-2), pages 93-99.
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Cited by:
  1. Aydin Çelen & Burak Gunalp, 2010. "Do Investigations of Competition Authorities Really Increase the Degree of Competition? An Answer From Turkish Cement Market," Prague Economic Papers, University of Economics, Prague, University of Economics, Prague, vol. 2010(2), pages 150-168.

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