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On the over-investment in automotive technology

机译:关于汽车技术的过度投资

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This paper discusses the reasons for continuing very high levels of R&D spending in the automotive industry in spite of the fact that both the automobile and the market for automobiles are widely considered to be mature. Most R&D appears to be product and not process-related. The microelectronics revolution has to some extent rejuvenated the automobile. Besides that, government regulation has created additional impetus. It is argued that the absence of a real alternative to private auto-mobility has probably pushed R&D beyond the point where its level can be considered socially justifiable. A redirection of the R&D effort, however, will depend on radical institutional and social change forcing a re-orientation of purchasing power to demand for other, collective means of transportation. [References: 13]
机译:尽管汽车和汽车市场都被认为是成熟的,但本文讨论了在汽车工业中持续进行大量R&D支出的原因。大多数研发似乎都是产品,而不是与过程相关的。微电子革命在一定程度上复兴了汽车。除此之外,政府监管还创造了更多动力。有人认为,没有真正替代私人汽车的替代品,可能已将研发水平推到了可以认为具有社会合理性的水平。但是,研发工作的重新定向将取决于根本的制度和社会变革,迫使购买力转向其他集体运输手段的需求。 [参考:13]

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