This paper investigates consumer demand, competition and welfare in the Turkish deposit and credit markets in 2002-2009 period by using banks'market shares in these markets. A discrete choice structural demand model developed by Berry (1994) is employed in the estimations. As market shares...

By estimating discrete choice multinomial logit demand models, we unveil consumer preferences in the Turkish deposit and credit markets in the 2002-9 period. We find that consumers prefer banks with larger networks and more efficient technologies in both markets. Borrowers are very responsive to...