Short Sighted Solutions: Trade and Energy Policies for the US Auto Industry: 1st Edition (Paperback) book cover

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

1st Edition

By Robert E. Scott


196 pages

Purchasing Options:$ = USD
Paperback: 9781138061521
pub: 2019-08-01
Available for pre-order
Hardback: 9781138061507
pub: 2017-07-04
eBook (VitalSource) : 9781315162270
pub: 2017-07-06
from $20.00

FREE Standard Shipping!


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.

Table of Contents

Preface. 1. Introduction A: An Alternative Policy Approach: The Stakeholder Model B: Domestic Employment and Oligopoly Behaviour in the U.S. Auto Industry 2. Background and Literature Review A: The Structure of Power in the U. S. Motor Vehicle Indsutry B: Shifiting Patterns of Vehicle Demand and Rising Imports C: The Effects of Trade on Employment 3. The Model A: The Baker and Bresnahan Model B: A Residual Demand Model for the U.S. Auto Industry 4. Data Generation and Historical Analysis A: Macroeconomic Variables B: Auto Output and Price Levels C: Factor Costs D: Output Shares and Prices in the US Automobile Market 5. Model Estimation A: Fuel Economy Regulations B: Estimation C: Resutls D: Firm-level Results E: Summary 6. Simulation and Policy Analysis A: Model Simulation B: Simulation Results C: Total Output and Employment Impacts of the VRAs 7. Public Policy for the Auto Industry A: The VRAs and Transplant Production in the US B: Employment Prospects for the US Auto Industry C: The Impacts of Alternative Policies D: Market Structure and Efficiency E: Summary

About the Series

Routledge Library Editions: The Automobile Industry

Originally published between 1956 and 1997, the volume in this set take the automobile industry experience as a basis for a wider view of industrial relations, trends and developments from the 1950s to the 1990s. They also analyse the emergence of new institutions and systems of labour-management relationships, examine the effects of automotion and technical change, the impact of fluctuations in the market for cars and wage trends. They discuss the car and its role in social, geographical and political change.

The volumes provide:

  • detailed surveys of some of the biggest post-war disputes and especially of trade union organization.
  • the experience of individual firms, such as Austin, Ford and Fiat.
  • comparative surveys of labour relationships in major car manufacturing countries such as the UK, USA, Germany and Japan.

And include:

  • material about the technology, design and production of cars and the ancillary fields of oil production, refining and road building.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / Comparative
BUSINESS & ECONOMICS / Industries / Automobile Industry