Munger on Franchising, Vertical Integration, and the Auto Industry

Michael Munger talks with host Russ Roberts about franchising, particularly car dealerships. He highlights how the dealers used state regulations to protect their profits and how bankruptcy appears to be unraveling that strategy. The main themes of the conversation are the incentives in the franchising relationship and the evolution of the auto industry in the United States over the last forty years.

0:00
0:00

Key Smash Notes In This Episode

Suggested Episodes