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The U S Automobile Industry Reex
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AR1 correction autos billion calibration models capacity utilization capital stock capture collusive columns competitive behavior consumer surplus cost elasticities cost function Cournot decline demand elasticities differentiation distortions Dixit domestic firms EC firms Economic elasticity of demand elasticity of substitution End Game Essay estimates factor market Feenstra Figure firm behavior fixed capital foreign firms household production function implies imports increasing industrial policies Japan and EC Japanese cars Japanese firms jointly optimal Krishna labor rents Levinsohn marginal cost maximize Morrison Nash Bargaining Nash Bargaining Solution oligopolists oligopoly optimal policies optimal subsidy optimal tariff optimal trade policies output parameters perfect competition product differentiation production subsidy returns to scale shadow share equation short-run shows Similarly Swagel tariffs and subsidies total costs trade and industrial translog U.S. and Japanese U.S. cars U.S. firms U.S. Steel Industry underutilized capacity union and firms union power unit input requirement variable cost VER's wage-setting wages welfare gains