This paper examines the short-run dynamics of manufacturing costs by detailing how plants in the U.S. automobile industry change output. Weekly data show a variety of margins on which firms adjust production. These margins, which are distinct from the usual factor demand choices, differ in their...

This paper investigates the link between the trend in the returns to education and foreign competition in concentrated industries. The authors argue that the impact of foreign competition on the relative wages of less skilled workers depends on the market structure of the industry penetrated....