The Consequences of Overstating Fuel Economy
Corey Beck and
David Schap ()
The American Economist, 2015, vol. 60, issue 1, 52-62
Economic analysis of law is applied to various models derived from a recent breach of contract by Hyundai Motor Company (Co.), which overstated the fuel economy of its Elantra model. The paper explores appropriate damages for breach of contract by Hyundai in hypothetical cases involving either intentional or unintentional breach. Depending on the specific scenario, losses may or may not be recoverable. A variety of ways are explored in which to calculate damages that serve to make customers whole.
Keywords: law and economics; contract law; specific performance; breach; damages; trademark; brand name capital; Environmental Protection Agency; gas mileage; Hyundai Elantra (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:60:y:2015:i:1:p:52-62
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