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We construct measures of industry performance and welfare in the U.S. car and light truck market from 1980-2018. We estimate a differentiated products demand model for this market using product level data on market shares, prices, and product characteristics, and consumer level data on...
Persistent link: https://www.econbiz.de/10012599303
advantage as of 1980 to have been only 1-2%, much less than previously estimated. This results from the fact that Japan began …
Persistent link: https://www.econbiz.de/10012477227
Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of …
Persistent link: https://www.econbiz.de/10012477344
.S. automotive deficit with Japan, transplant production will not cause its elimination …
Persistent link: https://www.econbiz.de/10012473364
manufacturers, and the fact that some of the most popular Japanese car models are assembled both in Japan and the U.S. We find … evidence that the Japan-assembled cars on average sell for more than those built in the U.S., but the estimated difference is … difference between the Japanese and U.S. built cars. For Hondas and more recent models of Toyotas, the Japan-built cars are no …
Persistent link: https://www.econbiz.de/10012460655
The Chinese automobile market is the largest in the world with annual sales exceeding 20 million vehicles. The tremendous growth in sales---over 200 percent from 2008 to 2015---and concerns over local air quality have prompted China's policy makers to incentivize the adoption of more fuel...
Persistent link: https://www.econbiz.de/10012455635
Illiquidity in short-term credit markets during the financial crisis might have severely curtailed the supply of non-bank consumer credit. Using a new data set linking every car sold in the United States to the credit supplier involved in each transaction, we find that the collapse of the...
Persistent link: https://www.econbiz.de/10012456527
Product redesigns happen across virtually all types of products. While there is substantial evidence that new varieties of goods increase welfare, there is little evidence on the effect of product redesigns. We develop a model of redesign and exit decisions in a dynamic oligopoly model (a la...
Persistent link: https://www.econbiz.de/10012459665
Are foreign production and exports substitutes or complements? The continuing globalization of production makes the question of the relationship between trade and foreign direct investment ever more important. Standard theory of the multinational corporation (MNC) assumes substitution, while...
Persistent link: https://www.econbiz.de/10012471633
This paper examines the impact of vertical integration on the dynamics of performance over the automobile product development lifecycle. Building on recent work in organizational economics and strategy, we evaluate the relationship between vertical integration and different performance margins....
Persistent link: https://www.econbiz.de/10012465418