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Application of measuring market power and cost efficiency in the milk sub-sector in Turkey compared to other European countries

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dc.creator Hatirli, Selim A.
dc.creator Ozkan, Burhan
dc.creator Jones, Eugene
dc.creator Aktas, Ali R.
dc.date 2006-01-01T01:00:00Z
dc.date.accessioned 2021-12-03T11:38:51Z
dc.date.available 2021-12-03T11:38:51Z
dc.identifier 9a01dc85-51cf-4d41-a0aa-3fc2f18f99c1
dc.identifier 10.1016/j.tifs.2005.12.010
dc.identifier https://avesis.sdu.edu.tr/publication/details/9a01dc85-51cf-4d41-a0aa-3fc2f18f99c1/oai
dc.identifier.uri http://acikerisim.sdu.edu.tr/xmlui/handle/123456789/93534
dc.description A significant increase of concentration in the fluid milk subsector of Turkey has heightened concerns about firms' ability to exercise market power. To assess the extent to which firms have exercised market power, this paper develops an empirical model that captures both market power and cost efficiency components of firms' behavior. These components are derived with a theoretical framework that is known as the 'New Empirical Industrial Organization (NEIO)' approach. Data used in the empirical model is for the 1980-1998 time periods and the empirical results show an increase in market power that is ameliorated somewhat by declining processing costs for milk processors. Furthermore, these results suggest that the market power effect outweighs the cost efficiency effect.
dc.language eng
dc.rights info:eu-repo/semantics/closedAccess
dc.title Application of measuring market power and cost efficiency in the milk sub-sector in Turkey compared to other European countries
dc.type info:eu-repo/semantics/article


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