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The Rise and Fall of Dominant Firms in the U.S. Automobile Industry: A Twice Told Tale


  • White, L.J.


The remainder of this chapter will be organized as follows: Section II will relate the experience of the first (Ford) era; Section III will provide a description of the second (GM) era. in both sections, we will describe first the rise of the firm to its dominant position, then its behavior ( and that of its smaller rivals) during period of dominance, the reasons for its decline, and finally an evaluation of the episode. Section IV will offer a brief conclusion that summarizes the insights that can be gained from these two separate occurences.

Suggested Citation

  • White, L.J., 1996. "The Rise and Fall of Dominant Firms in the U.S. Automobile Industry: A Twice Told Tale," Working Papers 96-12, New York University, Leonard N. Stern School of Business, Department of Economics.
  • Handle: RePEc:ste:nystbu:96-12

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    References listed on IDEAS

    1. Altonji, Joseph G & Ham, John C, 1990. "Variation in Employment Growth in Canada: The Role of External, National, Regional, and Industrial Factors," Journal of Labor Economics, University of Chicago Press, vol. 8(1), pages 198-236, January.
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    3. Eduardo Borensztein & Jonathan David Ostry, 1994. "Economic Reform and Structural Adjustment in East European Industry," IMF Working Papers 94/80, International Monetary Fund.
    4. Thomas Willett & Edward Tower, 1970. "Currency areas and exchange-rate flexibility," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 105(1), pages 48-65, September.
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    7. Tamim Bayoumi, 1994. "A Formal Model of Optimum Currency Areas," IMF Staff Papers, Palgrave Macmillan, vol. 41(4), pages 537-554, December.
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    12. S. Rao Aiyagari, 1994. "On the contribution of technology shocks to business cycles," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 22-34.
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    Cited by:

    1. Varelas, Erotokritos, 2014. "Bank Industry Structure and Public Debt," MPRA Paper 58437, University Library of Munich, Germany.
    2. Erotokritos Varelas, 2015. "Number of Banks, Public Debt, and Workable Competition," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 41-51, February.

    More about this item



    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General


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