摘要:This paper measures market power in the Mongolian banking sector using bank-level panel data for commercial banks over the period of 1999-2006. The authors show that both the monopoly hypothesis and the perfect competition hypothesis are rejected and that the Mongolian banking sector is instead characterized by monopolistic competition. The results thus show that the Mongolian banking sector is more competitive than market concentration measures may suggest. The authors infer that privatization and the introduction of foreign ownership in the market contributed to the result.