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The paper's findings have since been applied to many other types of markets. However, Akerlof's research focused solely on the market for used cars. Akerlof's paper uses the market for used cars as an example of the problem of quality uncertainty. It concludes that owners of high-quality used cars will not place their cars on the used car market.
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Car #32 - Moon - winning the 1909 Wheatley Hills Race. Moon Motor Car Company (1905 – 1930) was an American automobile company that was located in St. Louis, Missouri.The company had a venerable reputation among the buying public, as it was known for fully assembled, easily affordable mid-level cars using high-quality parts.
The Kaiser-Frazer Corporation was established in August 1945 as a joint venture between the Henry J. Kaiser Company and Graham-Paige Motors Corporation. Both Henry J. Kaiser, a California-based industrialist, and Joseph W. Frazer, CEO of Graham-Paige, wanted to get into the automobile business and pooled their resources and talents to do so. [1]
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Vehicle emissions inspection station in Wisconsin. Arizona – biennially, in Phoenix and Tucson metro areas only, depending on age and type of vehicle. [28]California – biennially for all vehicles from out-of-state, regardless of age; and all vehicles made after 1975 which are more than six years old in all or some zip codes in 41 out of 58 counties.
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