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....

After growing steadily for several decades, passenger vehicle miles traveled (VMT) in the United States unexpectedly leveled off in the 2000s. The growth rate of VMT has since rebounded, and determining the factors that explain these developments has implications for future US oil consumption...

This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. Our estimates show statistically and economically significant declines in the U.S. sales and stock returns of, as well as public...

Many countries are tightening passenger vehicle fuel economy standards. The literature on passenger vehicle standards has used structural models to estimate their welfare effects. This paper provides the first empirical evidence on the effects of recently tightened fuel economy standards on...

Using product platforms and commonality in product design saves supply chain costs, reduces inventory. But commonality in design also leads to using same component or process across multiple products which can cause the larger scale of recalls in case there is a problem with the common...

Multimarket contact is perceived to be one of those factors, which can facilitate and sustain implicit collusive (cooperative) arrangements. This paper attempts to develop new approaches to study the interdependence of firm behaviour across markets, especially in the context of differentiated...

The European automotive industry is the second largest manufacturer of motor vehicles worldwide (after China) and generates directly and indirectly millions of jobs EU-wide. It is characterized by a high degree of export orientation and the largest share of exports can be ascribed to the US...

Even though the automobile industry is technologically advanced, the increasing integration of low-income countries into the global division of labor has put competitive pressure on traditional automobile producing countries. New end-producers emerged in Asia, Latin America as well as Southern...

In ihrem Kommentar weisen Ferdinand Dudenhöffer und Wolfgang Schneider, CAR-Center Automotive Research an der Universität Duisburg-Essen, auf den Wettbewerbsvorsprung der USA beim »automatisiertes Fahren« hin. Die branchenspezifischen Voraussetzungen, um in Deutschland beim neuen Markt für...

Traditional methods for evaluating corporate credit risk rarely consider the impact of the macro economy on corporate value and performance. We argue that lenders and management can obtain valuable information about the need for and approach to restructuring by decomposing default predictions...