A justification for caveat emptor in the secondhand market: Risk transfer, enforcement cost and insurance
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DOI: 10.1016/j.eap.2020.04.005
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More about this item
Keywords
Caveat emptor (“let the buyer beware”); Caveat venditor (“let the seller beware”); Adverse selection; Warranty; Insurance contract; Risk transfer;All these keywords.
JEL classification:
- K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
- P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
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