The Theory of Warranty Contracts
AbstractThis paper surveys theories of the existence and design of warranty contracts. Insurance, signaling, and incentive motives are used to explain the existence of warranties. The incorporation of imperfections that prevent warranties from serving their basic purpose in a first-best way describes actual warranty practices. Copyright 1989 by Blackwell Publishers Ltd
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 3 (1989)
Issue (Month): 1 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
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- Joaqu?n Coleff, 2013. "Can consumer complaints reduce product reliability? Should we worry?," DOCUMENTOS DE TRABAJO 011038, UNIVERSIDAD DEL ROSARIO.
- Kessler, Anke & Lülfesmann, Christoph & Schmitz, Patrick W., 2002. "Optimal Contracting in Agency with Verifiable Ex Post Information," CEPR Discussion Papers 3428, C.E.P.R. Discussion Papers.
- Boom, Anette, 1998. "Product risk sharing by warranties in a monopoly market with risk-averse consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 33(2), pages 241-257, January.
- Erling Eide, 2009. "Is the consumer directive advantageous for the consumers?," European Journal of Law and Economics, Springer, vol. 28(3), pages 289-307, December.
- David Hakes & Dongsoo Shin, 2008. "Warranties as a device to extract rent from low-risk users of a product," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 1-7.
- Thomas Eger, . "Einige ökonomische Aspekte der Europäischen Verbrauchsgüterkauf - Richtlinie und ihrer Umsetzung in deutsches Recht," German Working Papers in Law and Economics 2002-1-1032, Berkeley Electronic Press.
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