The Failure of Price Competition in the Turkish Credit Card Market

被引：17

作者：

Akin, G. Gulsun ^{[1
]}

Aysan, Ahmet Faruk ^{[1
]}

Kara, Gazi Ishak ^{[2
]}

Yildiran, Levent ^{[1
]}

机构：

[1] Bogazici Univ, Istanbul, Turkey

[2] Univ N Carolina, Chapel Hill, NC USA

来源：

EMERGING MARKETS FINANCE AND TRADE | 2010年 / 46卷

关键词：

banking; credit cards; price competition; system GMM; ESTIMATORS;

D O I：

10.2753/REE1540-496X4603S102

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The failure of competition and the consequent high and sticky interest rates in credit card markets have recently been the subject of considerable debate and research. 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.

引用

页码：23 / 35

页数：13

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