The Consequences of Overstating Fuel Economy

David Schap and Cory Beck
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Cory Beck: Department of Economics and Accounting, College of the Holy Cross

No 1514, Working Papers from College of the Holy Cross, Department of Economics

Abstract: 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.

Pages: 11 pages
Date: 2015-12
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Published in The American Economist, Volume 60, Number 1, May 2015, Pages 52-62

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https://journals.sagepub.com/doi/abs/10.1177/056943451506000105 (text/html)

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Journal Article: The Consequences of Overstating Fuel Economy (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1514

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