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Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry

Goldberg, Pinelopi Koujianou·1995·Econometrica

Abstract

This paper develops and estimates a model of the U.S. automobile industry. On the demand side, a discrete choice model is adopted, which is estimated using micro data from the Consumer Expenditure Survey. The estimation results are used in conjunction with population weights to derive aggregate demand. On the supply side, the automobile industry is modeled as an oligopoly with product differentiation. Equilibrium is characterized by the first-order conditions of the profit-maximizing firms. The estimation results are used in counterfactual simulations to investigate two trade policy issues: the effects of the voluntary export restraint, and exchange rate pass-through. Copyright 1995 by The Econometric Society.

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Metadata

Authors
Goldberg, P. K.
Venue
Econometrica
Publisher
JSTOR
Published
1995-07
Volume
63
Issue
4
Pages
891
ISSN
0012-9682 (ISSN-L)
OpenAlex
W2172078338
Cited by
704
References
0
FWCI
32.96
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry. https://app.cochat.ai/papers/10.2307/2171803
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Goldberg, P. K. (1995). Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry. Econometrica. https://doi.org/10.2307/2171803

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.