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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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 |
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Economics Social and Behavioral Sciences |
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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 |
_version_ |
1719187547782905856 |