Modularisation provides new challenges for the automobile industry. Following the trend, this study empirically compared the cases of Korea and Japan. This study finds out the characteristics of modularisation dynamics in Korea which are different from those of Japan. The results show that modularisation of Korean automobile industry is shifting to modularisation in inter-firm system which outs...

Taking the early U.S. automobile industry as an example, we evaluate two competing hypotheses on geographic concentration of industry: local externalities versus employee spinoffs. Our findings suggest that both forces contribute to industry agglomeration through their specific channels, and the spinoff effect can be viewed as a special form of local externalities. Calibrating our model to the ...

The automobile industry today is the most lucrative industry. Due to increase in disposable income in both rural and urban sector and availability of easy finance are the main drivers of high volume car segments. Further competition is heating up with host of new players coming in and global brands like Porsche, Bentley, and Ferrari all set to venture in Indian market. This research will be hel...

Which comes first in reducing the Carbon Dioxide (CO2) emissions from transportation sector: consumer preference or technological advancement? Using a series of discrete-choice demand models, we estimate for automobiles Japan. Our model explicitly allows preferences fuel economy to evolve over time, and estimation results confirm existence such change. We then simulate behavior, enabling consum...