Honors Program

Midway Honors

Date of Award

5-2013

Thesis Professor(s)

Douglas Dotterweich

Thesis Professor Department

Economics and Finance

Thesis Reader(s)

Gary Shelley, Michele Crumley

Abstract

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.

Document Type

Honors Thesis - Withheld

Copyright

Copyright by the authors.

Included in

Economics Commons

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