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Moral Hazard and the Market for Used Automobiles

Author

Listed:
  • Dunham, E.R.

Abstract

This paper examines a moral hazard problem faced by the owners of fleet automobiles. because fleet vehicules are generally not driven by their owners, the drivers of these vehicules do not bear all of the costs of either neglecting or abusing the vehicule.

Suggested Citation

  • Dunham, E.R., 1996. "Moral Hazard and the Market for Used Automobiles," Papers 96-04, U.S. Department of Justice - Antitrust Division.
  • Handle: RePEc:fth:usjuat:96-04
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    More about this item

    Keywords

    RISK; AUTOMOBILES; COSTS;

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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