Why do some firms succeed and others fail? Economists are very interested
in that question.
The economic factors behind the failure of some producers of medium-priced autos (such as Graham-Paige Corporation, builder of the 1938 Graham in the top picture) and success of others (such as General Motors, builder of the 1938 Buick in the lower picture) is the subject of Dr. Ebert's paper:
"Medium-Priced Automobile Producers: Technological Change and Consolidation,
He presented the paper to a conference celebrating the Centennial of the Auto Industry in Detroit in 1996. The paper was published in the Ohio Journal of Economics and Politics volume II, issue 1, 1997.