| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29013 |
| 来源ID | Working Paper 29013 |
| The Evolution of Market Power in the US Auto Industry | |
| Paul L. E. Grieco; Charles Murry; Ali Yurukoglu | |
| 发表日期 | 2021-07-12 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We construct measures of industry performance and welfare in the U.S. car and light truck market from 1980-2018. We estimate a differentiated products demand model for this market using product level data on market shares, prices, and product characteristics, and consumer level data on demographics, purchases, and stated second choices. We estimate marginal costs under the conduct assumption of Nash-Bertrand pricing. We relate trends in consumer welfare and markups to industry trends in market structure and the composition of products, like the rise of import competition, the proliferation of SUV's, and changes in vehicle characteristics. We find that although prices rose over time, concentration and market power decreased substantially. Consumer welfare increased over time due to improving product quality and falling marginal costs. The fraction of total surplus accruing to consumers also increased. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Industry Studies |
| URL | https://www.nber.org/papers/w29013 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586687 |
| 推荐引用方式 GB/T 7714 | Paul L. E. Grieco,Charles Murry,Ali Yurukoglu. The Evolution of Market Power in the US Auto Industry. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29013.pdf（642KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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