Does the sunk cost fallacy affect decision-makers in high-stakes situations? We develop a behavioral model of usage of a durable good with mental accounting for sunk costs. It predicts that usage increases in the sunk cost, and attenuates with time at a rate that increases in the sunk cost. The...

On 30 March 2006, the European Communities and the United States, and on 13 April 2006, Canada, requested consultations with China regarding China's imposition of measures that adversely affect exports of automobile parts from the European Communities, the United States and Canada to China. The...

Automobile markets are a prime example of the several steps in the second wave of globalization. While after the II WW US car companies moved to produce in the European Communities to exploit proximity to market and economies of scale, the second wave was characterized by the move in production...

The future of the global automotive industry will be greatly affected by the fourth industrial revolution. The new global auto industry is expected to be driven by autonomous technology, amended safety standards, complex insurance regulations, social resistance to change, and disruptive...