Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?

Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?

This research analyzes the business opportunities created by the "Buy American" movement. Current literature reflects a consensus that most consumers have an initial bias in favor of purchasing domestic products. However, domestic production is frequently more costly than producing abroad....

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Bibliographic Details
Main Author: Reed, Robert
Format: Others
Published: Digital Commons @ East Tennessee State University 2013
Subjects:
Economics
Social and Behavioral Sciences
Online Access:https://dc.etsu.edu/honors/95
https://dc.etsu.edu/cgi/viewcontent.cgi?article=1099&context=honors
id ndltd-ETSU-oai-dc.etsu.edu-honors-1099
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spelling ndltd-ETSU-oai-dc.etsu.edu-honors-10992019-05-16T04:42:05Z Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending? Reed, Robert This research analyzes the business opportunities created by the "Buy American" movement. Current literature reflects a consensus that most consumers have an initial bias in favor of purchasing domestic products. However, domestic production is frequently more costly than producing abroad. In order for domestic production to increase a firm's profit, consumer willingness to pay more for domestic products is prerequisite. This study investigates whether that prerequisite is satisfied. By collecting revealed preference data from multiple locations, this study finds that, on average, domestic products do carry a price premium over similar foreign imports. 2013-05-01T07:00:00Z text application/pdf https://dc.etsu.edu/honors/95 https://dc.etsu.edu/cgi/viewcontent.cgi?article=1099&context=honors Copyright by the authors. http://creativecommons.org/licenses/by-nc-nd/3.0/ Undergraduate Honors Theses Digital Commons @ East Tennessee State University Economics Social and Behavioral Sciences
collection NDLTD
format Others
sources NDLTD
topic Economics
Social and Behavioral Sciences
spellingShingle Economics
Social and Behavioral Sciences
Reed, Robert
Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
description This research analyzes the business opportunities created by the "Buy American" movement. Current literature reflects a consensus that most consumers have an initial bias in favor of purchasing domestic products. However, domestic production is frequently more costly than producing abroad. In order for domestic production to increase a firm's profit, consumer willingness to pay more for domestic products is prerequisite. This study investigates whether that prerequisite is satisfied. By collecting revealed preference data from multiple locations, this study finds that, on average, domestic products do carry a price premium over similar foreign imports.
author Reed, Robert
author_facet Reed, Robert
author_sort Reed, Robert
title Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
title_short Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
title_full Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
title_fullStr Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
title_full_unstemmed Buy American: Can Businesses Capitalize on the Calls for Patriotic Spending?
title_sort buy american: can businesses capitalize on the calls for patriotic spending?
publisher Digital Commons @ East Tennessee State University
publishDate 2013
url https://dc.etsu.edu/honors/95
https://dc.etsu.edu/cgi/viewcontent.cgi?article=1099&context=honors
work_keys_str_mv AT reedrobert buyamericancanbusinessescapitalizeonthecallsforpatrioticspending
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