2023年全國碩士研究生考試考研英語一試題真題(含答案詳解+作文范文)_第1頁
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1、字?jǐn)?shù):英文 字?jǐn)?shù):英文 1522 1522 單詞, 單詞,7636 7636 字符;中文 字符;中文 2705 2705 漢字 漢字出處: 出處:Scott Scott A, A, Wolla.Why Wolla.Why Is Is It It So So Difficult Difficult To To Buy Buy a High-Quality High-Quality Used Used Car?[J]Page Car?[J]

2、Page One One Economics Economics Newsletter.2016 Newsletter.2016外文文獻: 外文文獻: Why Is It So Difficult To Buy a High-Quality Used Car?“I discovered that the informational problems that exist in the used car market were poten

3、tially present to some degree in all markets.”—George A. Akerlof, Nobel Prize winner, 2001Are you in the market for a vehicle? During the 2007-09 recession, new vehicle sales plunged to their lowest levels in nearly 30 y

4、ears. They have since fully recovered as people replace their aging vehicles with shiny new cars, trucks, vans, and sport utility vehicles. Prices of new vehicles, however, are at all-time highs, leading many buyers to l

5、ook for used vehicles. It can be a challenge, though, for buyers to figure out whether they are getting a good deal. The seller generally knows far more about the vehicle. Even with careful examination, the buyer still l

6、ikely won’t know everything the seller knows. When one party knows more about the product than the other party, there is “asymmetric information.” In the case of a used car, the seller has more information and the advant

7、age. The opposite can also be true in a transaction—the buyer can have more information and the advantage.The Market for Lemonsfair price, the transactions do not occur because the buyers are unsure about the condition o

8、f the cars.Closing the Asymmetric Information GapRegulation has helped buyers receive better information. The 1975 Magnuson-Moss Warranty Act (also known as the Lemon Law) regulates warranties on vehicles (and other cons

9、umer goods), and a variety of state laws (also referred to as lemon laws) protect consumers from defective products, including vehicles.To reassure used-car buyers—and to get them to pay a higher price—some sellers provi

10、de warranties or “certify” their highest-quality used cars. Generally, a car labeled certified has been inspected and repaired (if necessary) to meet high quality standards and may include a warranty. Buyers can also tak

11、e several steps to help reduce the asymmetric Information gap. First, research can help steer them to a generally more-reliable car. Third-party sources, such as Consumer Reports and J.D. Power, collect and analyze data

12、to estimate the average reliability and quality of certain car models.Once a buyer finds a car, various sources can provide additional information about that car. For example, auto mechanics can look for defects hidden o

13、r overlooked. For a fee, they will look “under the hood” and run diagnostic tests. Additional information (such as maintenance, odometer, and accident history) is available by researching the car’s VIN (vehicle identific

14、ation number). Various companies will provide a VIN report for a fee.In the future, buyers may be able to easily obtain even more information about a car’s history from the car’s event data recorder (EDR), which is simil

15、ar to the “black box” on an airplane. Today, nearly all new cars have an EDR. These microcomputers collect data related to safety and accidents, including speed, braking, seatbelt use, and airbag deployment. EDRs are lik

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