Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
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.