Michael Munger on Franchising, Vertical Integration, and the Auto Industry
Podcast: EconTalkPublished On: Mon Jun 22 2009
Description: Michael Munger, of Duke University, talks with EconTalk host Russ Roberts about franchising, particularly car dealerships. Munger highlights how the dealers used state regulations to protect their profits and how bankruptcy appears to be unraveling that strategy. The main themes of the conversation are the incentives in the franchising relationship and the evolution of the auto industry in the United States over the last forty years.
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