EconPapers    
Economics at your fingertips  
 

Europäischer Verbraucherschutz – Ausdruck grenzenloser Regulierungswut oder sinnvoller Schutz für Käufer? Erkenntnisse aus einem Laborexperiment

Roland Kirstein and Annette Kirstein

No 2006-1-1160, German Working Papers in Law and Economics from Berkeley Electronic Press

Abstract: The paper uses the results of a lemons market experiment to derive economic policy implications regarding the EU regulation on consumer protection. The two lemons market designs tested in the experiment differed with respect to the risk of purchasing bad quality which the uninformed consumers had to bear. In the high-risk market, but not in the low-risk market, consumers have suffered expected losses. This empirical result may justify a paternalistic regulation that makes warranties mandatory.

Note: oai:bepress:
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.bepress.com/cgi/viewcontent.cgi?article=1160&context=gwp (application/pdf)

Related works:
Working Paper: Europäischer Verbraucherschutz - Ausdruck grenzenloser Regulierungswut oder sinnvoller Schutz für Käufer? Erkenntnisse aus einem Laborexperiment (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bep:dewple:2006-1-1160

Access Statistics for this paper

More papers in German Working Papers in Law and Economics from Berkeley Electronic Press
Series data maintained by Christopher F. Baum ().

 
Page updated 2014-08-03
Handle: RePEc:bep:dewple:2006-1-1160