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Price Anomalies in the Used Car Market

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  • Peter Kooreman
  • Marco Haan

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  • Peter Kooreman & Marco Haan, 2006. "Price Anomalies in the Used Car Market," De Economist, Springer, vol. 154(1), pages 41-62, March.
    • Handle: RePEc:kap:decono:v:154:y:2006:i:1:p:41-62
    DOI: 10.1007/s10645-006-6485-z
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    References listed on IDEAS

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    1. Bond, Eric W, 1982. "A Direct Test of the "Lemons" Model: The Market for Used Pickup Trucks," American Economic Review, American Economic Association, vol. 72(4), pages 836-840, September.
    2. Rubinstein, Ariel, 1993. "On Price Recognition and Computational Complexity in a Monopolistic Model," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 473-484, June.
    3. Pashigian, B Peter & Bowen, Brian & Gould, Eric, 1995. "Fashion, Styling, and the Within-Season Decline in Automobile Prices," Journal of Law and Economics, University of Chicago Press, vol. 38(2), pages 281-309, October.
    4. Emons, Winand & Sheldon, George, 2002. "The Market for Used Cars: A New Test of the Lemons Model," Discussion Paper Series 26353, Hamburg Institute of International Economics.
    5. Corneo, Giacomo & Jeanne, Olivier, 1997. "Conspicuous consumption, snobbism and conformism," Journal of Public Economics, Elsevier, vol. 66(1), pages 55-71, October.
    6. Fiona Scott Morton & Florian Zettelmeyer & Jorge Silva-Risso, 2001. "Internet Car Retailing," NBER Chapters, in: E-commerce, pages 501-519, National Bureau of Economic Research, Inc.
    7. repec:bla:jindec:v:49:y:2001:i:4:p:501-19 is not listed on IDEAS
    8. Genesove, David, 1993. "Adverse Selection in the Wholesale Used Car Market," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 644-665, August.
    9. Woo, Chi-Keung & Kwok, Raymond H. F., 1994. "Vanity, superstition and auction price," Economics Letters, Elsevier, vol. 44(4), pages 389-395, April.
    10. Shleifer, Andrei, 2000. "Inefficient Markets: An Introduction to Behavioral Finance," OUP Catalogue, Oxford University Press, number 9780198292272.
    11. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    12. Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, vol. 86(3), pages 349-373, June.
    13. Ireland, Norman J., 1994. "On limiting the market for status signals," Journal of Public Economics, Elsevier, vol. 53(1), pages 91-110, January.
    14. Biddle, Jeff, 1991. "A Bandwagon Effect in Personalized License Plates?," Economic Inquiry, Western Economic Association International, vol. 29(2), pages 375-388, April.
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    Citations

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    Cited by:

    1. Lessmann, Stefan & Voß, Stefan, 2017. "Car resale price forecasting: The impact of regression method, private information, and heterogeneity on forecast accuracy," International Journal of Forecasting, Elsevier, vol. 33(4), pages 864-877.
    2. Selby, Brent & Kockelman, Kara M., 2012. "Microsimulating Automobile Markets: Evolution of Vehicle Holdings and Vehicle Pricing Dynamics," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 51(2).
    3. Truyts, Tom, 2012. "Signaling and indirect taxation," Journal of Public Economics, Elsevier, vol. 96(3), pages 331-340.
    4. Yuya Shibuya & Hideyuki Tanaka, 2019. "How does a large-scale disaster impact on the used-car market? A case study of the Great East Japan Earthquake and Tsunami," International Journal of Economic Policy Studies, Springer, vol. 13(1), pages 89-117, January.
    5. Marco Haan & Henk-Wim Boer, 2010. "Has the Internet Eliminated Regional Price Differences? Evidence from the Used Car Market," De Economist, Springer, vol. 158(4), pages 373-386, November.
    6. Johansson-Stenman, Olof & Martinsson, Peter, 2006. "Honestly, why are you driving a BMW?," Journal of Economic Behavior & Organization, Elsevier, vol. 60(2), pages 129-146, June.
    7. Prieto, Marc & Caemmerer, Barbara & Baltas, George, 2015. "Using a hedonic price model to test prospect theory assertions: The asymmetrical and nonlinear effect of reliability on used car prices," Journal of Retailing and Consumer Services, Elsevier, vol. 22(C), pages 206-212.
    8. Shewmake, Sharon & Jarvis, Lovell, 2014. "Hybrid cars and HOV lanes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 304-319.

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    More about this item

    Keywords

    price anomalies; used car market; D12;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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