Newsletter
Why Is It So Difficult To Buy a High-Quality Used Car?
Abstract: With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn?t a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid ?lemons? and why lemons are a larger problem for the used-car market.
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https://research.stlouisfed.org/publications/page1-econ/2016-09-01/why-is-it-so-difficult-to-buy-a-high-quality-used-car_SE.pdf
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Page One Economics Newsletter
Publication Date: 2016-09
Pages: 1-4