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Original Articles

Lemons and certified pre-owned cars in the used car market

Pages 45-50 | Published online: 22 Jun 2009

References

  • Akerlof , G. A. 1970 . The market for ‘Lemons’: quality uncertainty and the market mechanism . Quarterly Journal of Economics , 84 : 488 – 500 .
  • Bond , E. W. 1982 . A direct test of the Lemons model: the market for pickup trucks . American Economic Review , 72 : 836 – 40 .
  • Genesove , D. 1993 . Adverse selection in the wholesale used car market . Journal of Political Economy , 101 : 644 – 65 .
  • Greenwald , B. C. and Glasspiegel , R. 1983 . Adverse selection in the market for slaves: New Orleans, 1830–1860 . Quarterly Journal of Economics , 98 : 479 – 99 .
  • Lacko, J. (1986) Product quality and information in the used car market, Staff Report, April 1986, Federal Trade Commission
  • Pratt , M. D. and Hoffer , G. E. 1986 . The efficacy of state mandated minimum quality certification: the case of used vehicles . Economic Inquiry , 24 : 313 – 8 .
  • Wooldridge , J. 1991 . Specification testing and quasi-maximum likelihood estimation . Journal of Econometrics , 48 : 29 – 57 .

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