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America's New Fuel Economy Cartel

Regulation, Vol. 32, No. 3, pp. 6-9, Fall 2009

4 Pages Posted: 7 Oct 2009

See all articles by Bruce Yandle

Bruce Yandle

Clemson University - John E. Walker Department of Economics

Date Written: 2009

Abstract

The May 2009 Rose Garden ceremony for President Obama’s signing of new fuel efficiency mandates for automobiles was attended by a remarkable gathering of “bootleggers and Baptists” - “Baptist” environmentalists who were pleased to get a policy they desired, and “bootlegger” automakers who were pleased that they will no longer have to make business decisions that weigh the willingness of American consumers to trade-off fuel efficiency for other desirable characteristics such as safety, capacity, power, and comfort. The gathering marked the replacement of industrial capitalism with centralized political management of the auto market.

Keywords: bootleggers and Baptists, Fuel Efficiency, CAFE, national capitalism, Massachusetts v. EPA

JEL Classification: D60, D43, H00, H10, H81, K20, K23, L10, L32, L52, L62, Q58, R42, R48

Suggested Citation

Yandle, Thomas, America's New Fuel Economy Cartel (2009). Regulation, Vol. 32, No. 3, pp. 6-9, Fall 2009 , Available at SSRN: https://ssrn.com/abstract=1484912

Thomas Yandle (Contact Author)

Clemson University - John E. Walker Department of Economics ( email )

Clemson, SC 29634
United States
864-656-3970 (Phone)
864-656-4192 (Fax)

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