Short Sighted Solutions: Trade and Energy Policies for the US Auto Industry

Business & Finance, Economics, Comparative Economics, Economic History, Industries & Professions, Industries
Cover of the book Short Sighted Solutions: Trade and Energy Policies for the US Auto Industry by Robert E. Scott, Taylor and Francis
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Author: Robert E. Scott ISBN: 9781351667715
Publisher: Taylor and Francis Publication: July 6, 2017
Imprint: Routledge Language: English
Author: Robert E. Scott
ISBN: 9781351667715
Publisher: Taylor and Francis
Publication: July 6, 2017
Imprint: Routledge
Language: English

This book, originally published in 1994, explores the effects of federal policies on the US auto industry in the 1970s and 80s which were designed to save jobs and help the domestic industry become more competitive. The author develops a new model based on modern oliopoly theory to estimate the effects of the voluntary Restraint Agreements (which limited Japanese imports) on the US auto market. The results demonstrate that VRAs caused price increases which adversely affected the comptitiveness of US producers. On the eve of a new Trump administration, and the likelihood of new restrictions on imports to boost US manufacturing, this book has particular enduring relevance.

 

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This book, originally published in 1994, explores the effects of federal policies on the US auto industry in the 1970s and 80s which were designed to save jobs and help the domestic industry become more competitive. The author develops a new model based on modern oliopoly theory to estimate the effects of the voluntary Restraint Agreements (which limited Japanese imports) on the US auto market. The results demonstrate that VRAs caused price increases which adversely affected the comptitiveness of US producers. On the eve of a new Trump administration, and the likelihood of new restrictions on imports to boost US manufacturing, this book has particular enduring relevance.

 

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