Durables and Lemons: Private Information and the Market ...
Private Information and the Market for Cars Richard Blundelly Ran Guz Soren Leth-Petersenx Hamish Low{Costas Meghirk September 13, 2019 Abstract We specify an equilibrium model of car ownership with private information where individuals sell and purchase new and second-hand cars over their life-cycle. Private information induces a ................
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