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- W2319279526 abstract "The economic impact of the automobile industry on the U.S. economy hardly needs to be emphasized.' Taking into account related and feeder industries (such as rubber, steel, zinc) it has been estimated that one business in six is automobile related. Over the last 20 years, the auto industry has been subject to increasing regulation. Laws have been passed which require manufacturers to install certain safety equipment and pollution control equipment, and recently have mandated that fuel efficiency (CAFE) standards be met on average by the fleet of cars sold by each manufacturer.2 The impact of these CAFE standards is enormous. Currently, the domestic auto manufacturers have plans to spend over 40 billion dollars to essentially redesign all of their models.3 The effects all these regulations have had and will have on the health and structure of the U.S. automobile industry has been the subject of much debate. Auto manufacturers have argued that (1) consumers do not value the safety and pollution control equipment and that therefore the expense of such equipment merely hurts their sales,4 and (2) due to the differential ability of the four major auto companies to meet any given standard, the imposition of them disrupts the competitive market relationships which exist between the companies.' Advocates of these regulations, on the other hand, view the U.S. auto industry as resisting change in order to protect its profits." @default.
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- W2319279526 date "1983-01-01" @default.
- W2319279526 modified "2023-09-27" @default.
- W2319279526 title "Demand Equations for Individual New Car Models Estimated Using Transaction Prices with Implications for Regulatory Issues" @default.
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- W2319279526 doi "https://doi.org/10.2307/1058715" @default.
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