WHY ARE EXTENDED WARRANTIES SO EXPENSIVE

被引:9
作者
CHEN, ZQ [1 ]
ROSS, TW [1 ]
机构
[1] UNIV BRITISH COLUMBIA,FAC COMMERCE & BUSINESS ADM,VANCOUVER V6T 1W5,BC,CANADA
关键词
D O I
10.1016/0165-1765(94)90144-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
Intense users place greater demands than other users on repair services during the period covered by the manufacturer's basic warranty. An extended warranty with a price exceeding expected cost permits the recovery of the extra costs of servicing more intense users.
引用
收藏
页码:253 / 257
页数:5
相关论文
共 4 条
[1]  
CHEN Z, 1993, JAN CONS REP
[2]   PRODUCT WARRANTIES AND DOUBLE MORAL HAZARD [J].
COOPER, R ;
ROSS, TW .
RAND JOURNAL OF ECONOMICS, 1985, 16 (01) :103-113
[3]   GUARANTEES AND RISK-SHARING [J].
HEAL, G .
REVIEW OF ECONOMIC STUDIES, 1977, 44 (03) :549-560
[4]   EQUILIBRIUM IN COMPETITIVE INSURANCE MARKETS - ESSAY ON ECONOMICS OF IMPERFECT INFORMATION [J].
ROTHSCHILD, M ;
STIGLITZ, J .
QUARTERLY JOURNAL OF ECONOMICS, 1976, 90 (04) :629-649