Tacit Collusion and Voluntary Disclosure: Theory and Evidence from the U.S. Automotive Industry

2015 ◽  
Author(s):  
Jeremy Bertomeu ◽  
John Harry Evans ◽  
Mei Feng ◽  
Ayung Tseng
Keyword(s):  
Automotive Industry ◽  
Voluntary Disclosure ◽  
Tacit Collusion ◽  
The U.S

Tacit Collusion and Voluntary Disclosure: Theory and Evidence from the U.S. Automotive Industry

2020 ◽  
Author(s):  
Jeremy Bertomeu ◽  
John Harry Evans ◽  
Mei Feng ◽  
Ayung Tseng
Keyword(s):  
Automotive Industry ◽  
Voluntary Disclosure ◽  
Tacit Collusion ◽  
Market Demand ◽  
Voluntary Disclosures ◽  
Production Decisions ◽  
To Receive ◽  
The U.S

We develop a model of voluntary disclosure and production decisions and use it to establish that firms will tacitly collude by disclosing when current market demand is low and when the decision horizon is long. Low demand helps sustain tacit collusion, because deviation from tacit collusion yields only a limited increase in profit when demand is low. Similarly, longer decision horizons give firms incentive to receive the benefits of collusion over a longer period. Using monthly production forecasts issued by the Big Three U.S. automobile manufacturers, we show that the frequency, horizon, and accuracy of the production forecasts increase when demand decreases and when the firms focus more on long-term profit. Collectively, the evidence suggests that firms use voluntary disclosures to tacitly collude. This paper was accepted by Brian Bushee, accounting.

A Measure of Interdependence: Skill in the Supply Chain

2018 ◽  
Vol 32 (4) ◽  
pp. 326-340 ◽  
Author(s):  
Allison Forbes
Keyword(s):  
Supply Chain ◽  
Workforce Development ◽  
Automotive Industry ◽  
Lower Tier ◽  
High Level ◽  
The Relationship ◽  
Economic Development Strategies ◽  
High Skill ◽  
Occupational Skill ◽  
The U.S

Economic development strategies often target high-skill and high-wage industries and occupations, but the relationship between skills and wages is uneven and complicated. This study offers a skill-centered, industry-level overview of this uneven landscape. Familiar data sources (input–output tables, industry–occupation matrices, and occupational skill profiles) are used to analyze skill demand across the U.S. automotive cluster. The author shows that the automotive industry depends on the high-level manufacturing skills of intermediate goods suppliers and highlights that the lower wages in these and lower-tier supply sectors may impede skill regeneration and upgrading. Economic and workforce development practitioners can use this analysis to begin or reinvigorate skill-centric conversations with employers in high- and low-skill sectors. Industry leaders can use it to demonstrate the extent to which larger firms rely on the skills of their supply network and to motivate investments in skill development across the supply chain.

Stimulating the flow of innovations to the U.S. automotive industry

1981 ◽  
Vol 19 (1) ◽  
pp. 33-55 ◽  
Author(s):  
John E. Ettlie ◽  
Albert H. Rubenstein
Keyword(s):  
Automotive Industry ◽  
The U.S

Pioneers of the U.S. Automobile Industry, Vol. III

2002 ◽  
Author(s):  
Michael J Kollins ◽  
Keyword(s):  
Automotive Industry ◽  
Automobile Industry ◽  
The People ◽  
Essential Components ◽  
The U.S

Pioneers of the U.S. Automobile Industry uses four separate volumes to explore the essential components that helped build the American automobile industry - the people, the companies and the designs. This volume offers a look at the financial minds who drove the early automotive industry. These financial wizards are portrayed through unique stories and more than 180 photos. Pioneers covered in this volume include: Allison/Fisher/Newby/Wheeler and the Indianapolis Motor Speedway Benjamin Briscoe Hugh Chalmers Frederick Chandler E.L. Cord Harry Jewett Henry Leland Charles Matheson David Parry Albert Pope Edward Rickenbacker Thomas White John Willys

Voluntary Disclosures

2019 ◽  
pp. 637-650
Author(s):  
Andrew Boutros
Keyword(s):  
Voluntary Disclosure ◽  
Criminal Liability ◽  
Self Report ◽  
Department Of Justice ◽  
Voluntary Disclosures ◽  
Careful Evaluation ◽  
Doing Business ◽  
The Law ◽  
The Government ◽  
The U.S

In the course of doing business, company managers may discover that the company has violated the law, thereby exposing the company to potential civil or criminal liability. When this occurs, an inevitable question is whether the company should voluntarily disclose this information to the government. To be sure, the U.S. Department of Justice (DOJ) has strongly encouraged companies to self-report their misdeeds. However, disclosure is not without serious risks and potential consequences. Determining whether to self-report requires careful evaluation of multiple considerations. This chapter discusses in depth those considerations, and fully outlines both the benefits and risks of voluntary disclosure.

Pioneers of the U.S. Automobile Industry, Vol. II

2002 ◽  
Author(s):  
Michael J Kollins ◽  
Keyword(s):  
Automotive Industry ◽  
Automobile Industry ◽  
The People ◽  
Essential Components ◽  
Risk Takers ◽  
The U.S ◽  
Care Company

Pioneers of the U.S. Automobile Industry uses four separate volumes to explore the essential components that helped build the American automobile industry - the people, the companies and the designs. This volume uses more than 450 photos to help weave the story of the risk-takers who helped shape the automotive industry from the very beginning. Pioneers and companies covered in this edition include: Charles and Frank Duryea Studebaker The Pratt Family and the Elcar Motor Care Company Joseph Moon Russell Gardner Louis Clarke George Pierce and Charles Clifton Packard/Joy/Macauley and the Packard Motor Car Company Edwin Thomas Ransom Olds Peerless Fred and August Duesenberg Kissel Brothers Hupp / Drake / Hastings / Young and the Hupp Motor Car Corporation Walter Flanders Chapin / Coffin / Bezner / Jackson / Hudson / McAneeny and The Hudson Motor Car Company Harry Stutz Harry Ford Graham Brothers Charles Nash

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