Cost Pass-Through in the U.S. Automobile Market
研究美国汽车市场中成本变化如何影响价格，发现考虑企业要素市场决策会显著提高测得的成本传导率，但拒绝完全传导和恒定加成的假设；行业共同成本冲击比车型特定冲击对价格影响更大，且美国企业的成本传导率高于欧亚企业。
We study cost pass-through in the U.S. automobile market using a framework that incorporates the effects of cost changes on input decisions. We find that accounting for firms' factor-market decisions significantly increases measured cost pass-through, although we reject the hypothesis of full cost pass-through and constant markups. In addition, our evidence suggests that cost shocks common to all manufacturers have a greater effect on prices than do model-specific cost shocks. Finally, we examine how pass-through varies with manufacturer nationality, finding that U.S. firm cost pass-through exceeds that of European and Asian firms. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology