… (1981) and Reilly and Hoffer (1983), we categorized each recall as trivial, intermediate, or
severe. Of the 29 clean-window recalls, 62 percent were of the most severe type, 28 percent …

Recently the National Highway Traffic Administration changed its policy concerning the
public announcement of safety‐related automotive recalls. This paper examines whether …

RECALLS AND THE DEMAND FOR AUTOMOBILES 695 change and supply constraints.
Defining the subcompact market in the US to include eight makes, the authors developed …

Analysts within and outside the automobile industry have put forward various hypotheses to
explain the protracted decline in domestic new car sales. One hypothesis has even …

This paper assesses the impact of recall‐specific variables on owner response rates to
automotive safety recall campaigns under the National Traffic and Motor Vehicle Safety Act of …

This study provides an empirical test of the informational efficiency of the stock market by
exploring the stock price and volume patterns exhibited by Chrysler, Ford, and General Motors …

Recently, there has been a debate concerning whether price discrimination by new vehicle
dealers results in systematically higher prices for minority and female buyers. Ian Ayres and …

In a recent article in this Review, Eric Bond (1982) provided an empirical test of the" lemons"
model. Using the 1977 Truck Inventory and Use (TIU) Survey, Bond determined that there …

This paper analyzes market share changes in automobile and light truck submarkets. We
find that new product, as measured by restyling, represents the most consistent, dominant …

This paper provides some initial evidence on the sensitivity of economic expectations to
differences in media reporting. It reports the results of an experiment in which 120 …