- Gazi İktisat ve İşletme Dergisi
- Vol: 4 Issue: 2
- Türkiye ve Avrupa Arası Yük Taşımacılığı Pazarında İntermodal ve İntramodal Rekabet Analizi...
Türkiye ve Avrupa Arası Yük Taşımacılığı Pazarında İntermodal ve İntramodal Rekabet Analizi
Authors : Aydın Çelen, Ekrem Kalkan
Pages : 67-86
Doi:10.30855/gjeb.2018.4.2.001
View : 7 | Download : 1
Publication Date : 2018-06-01
Article Type : Research
Abstract :In this paper, we investigate the degree of competition between alternative ro-ro lines operating between Turkey and Europe (intramodal competition). We also aim to analyze whether the land (road) transport is a significant substitute for the ro-ro transport for the trade between Turkey and Europe (intermodal competition). This paper is a part of the economic analysis which we carried out for defining the relevant market in a case in which the Turkish Competition Authority (TCA) investigated the predatory pricing behavior of UN Ro-Ro İşletmeleri A.Ş. (UN Ro-Ro) in 2012. The analysis consists of two stages: We first estimate price elasticities of demand for ro-ro lines by using a logit demand model with firm-level data. Then, ‘full equilibrium relevant market’ (FERM) test which is a more developed version of the hypothetical monopolist test (HMT) is used in order to run several hypothetical merger simulations for measuring intramodal and intermodal competition. The results show that the relevant market incorporates only seven ro-ro lines, not land transport.Keywords : Ro-ro market, intermodal competition, intramodal competition, Full Equilibrium Relevant Market (FERM) Test, Demand Estimation