Hendrik Hering, Wirtschaftsminister von Rheinland-Pfalz, sieht im »Fall« Opel keinen Einzelfall, Tag für Tag fände genau eine solche Unterstützung bei zahlreichen kleinen und mittelständischen Unternehmen statt. Es sei richtig gewesen, Opel zu helfen. Nun sei GM an der Reihe. Der Staat...

Hendrik Hering, Wirtschaftsminister von Rheinland-Pfalz, sieht im »Fall« Opel keinen Einzelfall, Tag für Tag fände genau eine solche Unterstützung bei zahlreichen kleinen und mittelständischen Unternehmen statt. Es sei richtig gewesen, Opel zu helfen. Nun sei GM an der Reihe. Der Staat...

A supergame theoretic price-setting model of collusion is calibrated to data from the North American passenger car market before, during, and after the voluntary restraint arrangements (VRAs) with Japan. Conclusions about whether the model is consistent with the bans from the various regimes...

During the summer of 2005, the three domestic U.S. automobile manufacturers offered a customer promotion that allowed customers to buy new cars at the discounted price formerly offered only to employees. The initial months of the promotion were record sales months for each of the three firms,...

This paper incorporates learning and reputation building into a simple dynamic stochastic model of international trade with asymmetric information. We use the model to study a bilateral trade flow influenced significantly by learning and reputation, namely U.S. imports of Japanese cars over the...

Using the most comprehensive publicly available data, we examine long-run changes in scrappage patterns in passenger cars and light trucks in the United States between 1969 and 1999. We find that the expected lifetime for passenger cars has increased from 12.5 to 14 years between 1969 and 1999....

New vehicle sales in the U.S. fell nearly 40 percent during the last recession, causing significant job losses and unprecedented government interventions in the auto industry. This paper explores two potential explanations for this decline: falling home values and falling households’...