Warranties, moral hazard, and the lemons problem

DOI10.1016/0022-0531(88)90147-0MaRDI QIDQ1106076zbMATH OpenOpenAlexFDO

Authors Winand Emons

Publication date 1988

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(88)90147-0

zbMATH Keywords

double-sided moral hazardcompetitive marketproduct failurewarranties

Mathematics Subject Classification ID

Trade models (91B60)

Recommendations

• Warranties, Durability, and Maintenance: Two-sided Moral Hazard in a Continuous-Time Model
• Analysis of product warranties based on two-sided adverse selection
• Quality implications of warranties in a supply chain
• Warranty signalling and reputation
• Monopoly Provision of Quality and Warranties: An Exploration in the Theory of Multidimensional Screening

Cites work

• Consumer Misperceptions, Product Failure and Producer Liability
• Equilibria in monopolistically competitive insurance markets
• Monopoly and product quality
• Sequential Equilibria

Cited in

(11)

• Warranties, Durability, and Maintenance: Two-sided Moral Hazard in a Continuous-Time Model
• Advances in Bayesian decision making in reliability
• Quality, self-regulation, and competition: The case of insurance
• Product warranty management. III: A review of mathematical models
• Quality implications of warranties in a supply chain
• Quality as a substitute for quantity. Do more reliable products ever sell for less!
• Decentralization versus coordination in competing supply chains under retailers' extended warranties
• Efficient regulated entry in competitive markets with demand uncertainty
• The effect of product misperception on economic outcomes: evidence from the extended warranty market
• Analysis of product warranties based on two-sided adverse selection
• Warranty signalling and reputation

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