Fastest man on earth -- Native sons -- The selden patent -- Meet me in St. Louis -- Sensation -- Bad behaviors, bad roads -- The horse loses power -- The West, still wild -- Victories and defeats -- Doubts subsiding -- "Equal to his weight in wildcats

We ask (1) why the United States adopted the car more quickly than other countries before 1929, and (2) why in the United States the car changed from a luxury to a mass market good between 1909 and 1919. We argue that the answer is in part the success of the Model T in the United States and its...

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...