Estimating Strike Effects in a General Model of Prices and Quantities
基于1966-79年北美汽车行业数据，构建包含消费者和生产者决策的模型，估计罢工对产量、价格和购买量的短期与长期影响，发现理性调整使长期效应最小化。
Estimates of the effect of strikes on the production, price, and purchases of North American automobiles are provided over the period 1966-79. The estimates are based on a model that reflects the decisions of both consumers and producers, and captures important intertemporal adjustments to allow for inventory buildup in anticipation of inventory depletion during, and replacements after, a strike. The results indicate that consumers and producers rationally responded to the strike through a variety of related intertemporal adjustment and, while the initial effects can be quite pronounced, the long-run effects are usually minimal. Copyright 1987 by University of Chicago Press.