Estimating the conduct of Istanbul’s diesel oil market

Toprak Erdagi, Dílan; Rajendran, Rathi; Tanos, Kimberly

Estimating the conduct of Istanbul’s diesel oil market

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Citation

Toprak Erdagi, D, Rajendran, R, Tanos, K. Estimating the conduct of Istanbul’s diesel oil market. 2022. handle: http://hdl.handle.net/10230/56379

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Abstract

Turkey’s oil industry has been experiencing increasing retail diesel prices over the years. The Energy and Market Regulatory Authority has intervened into the market several times because of anti-competitive retail prices. This paper analyzes the competition level in the market, by using the conduct parameter. The empirical results show us that the competitiveness in the market has changed over time due to the interventions by the TCA and EMRA, marked by the changes in the conduct parameter. Although the market was never in full collusion, it is observed that the conduct parameter has decreased with each intervention.