used car quality information asymmetry market

Bad used cars can drive good ones out of the market

Suppose buyers cannot tell a good used car from a bad one. They will be reluctant to pay a high price because the car might be bad. Owners of good cars may then refuse to sell at the lower price, leaving more bad cars in the market.

Ça vous plaît ? Il y en a tout un fil. Remplacez le défilement vide par des choses qui valent la peine d’être connues.
Télécharger Hence gratuitement