THE REGULATION OF LARGE RETAIL FIRMS IN TURKEY: A GAME THEORY BASED ANALYTICAL MODEL

Year 2008, Volume: 4 Issue: 8, 89 - 106, 01.12.2008

Murat Aslan Elif Aslan

Abstract

In 2006, a lobbying group The Confederation of Turkish Tradesmen and Craftsmen TESK prepared a regulation proposal and submitted to the Ministry of Trade and Industry in Turkey. The regulation proposal aimed at restricting some of the operational flexibility of large-scale retail firms. The objective of this study is to construct a formal game-theory-based model to investigate possible scenarios regarding the recent regulation proposal. This study, by integrating peculiar aspects of the Turkish business and political systems as well as medium voter concept into the Becker 1983 regulation model, shows that the regulation of largescale retail firms is a very complex issue

Keywords

Retail Sector, Regulation, Rent Seeking, Game Theory

TÜRKİYE’DE BÜYÜK PERAKENDE FİRMALARININ REGÜLÂSYONU: OYUN TEORİSİ EKSENLİ BİR ANALİTİK MODEL

Abstract

In 2006, a lobbying group The Confederation of Turkish Tradesmen and Craftsmen TESK prepared a regulation proposal and submitted to the Ministry of Trade and Industry in Turkey. The regulation proposal aimed at restricting some of the operational flexibility of large-scale retail firms. The objective of this study is to construct a formal game-theory-based model to investigate possible scenarios regarding the recent regulation proposal. This study, by integrating peculiar aspects of the Turkish business and political systems as well as medium voter concept into the Becker 1983 regulation model, shows that the regulation of large-scale retail firms is a very complex issue.

Keywords

Perakende Sektörü, Regülasyon, Rant Kollama, Oyun Teorisi

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