Appliance Warranties as a Market Signal

摘要: Appliance warranties can be considered to provide a market signal of appliance reliability. However, the cost consumers obtaining enough information interpret causes dispersion warranty provisions limited. The more complicated laws surrounding warranties, greater information. This makes less effective as and reduces variation in provisions. Upon examination, for refrigerators, air conditioners, ranges, clothes washing machines, television sets were found, consistent with this view, vary relatively little.