Partial Ownership Arrangements and Collusion in the Automobile Industry
构建了一个考虑部分所有权和对外贸易的推测变差模型，应用于日本和美国汽车行业，发现日本汽车行业存在合谋但竞争性高于美国，且进口对两国企业价格成本边际的影响不同。
This paper develops a conjectural variation model that allows for partial ownership arrangements and foreign trade. This model is applied to the Japanese and US automobile industries. Although collusion is found to occur in the Japanese automobile industry, it is found to be more competitive than the US automobile industry. The effect imports have on firms' price–cost margins in both countries is also found to be different.