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Journal of Agricultural and Resource Economics >
Volume 20, Number 01, July 1995 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/30923
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| Title: | OBLIGATIONS AND PENALTIES UNDER LEMON LAWS: AUTOMOBILES VERSUS TRACTORS |
| Authors: | Centner, Terence J.
Wetzstein, Michael E. |
| Issue Date: | 1995-07 |
| Abstract: | Distinctive new provisions of tractor lemon laws which create obligations and provide penalties for defective self-propelled agricultural equipment are contrasted with provisions of automobile lemon laws. Lemon-law obligations involve both producers' guarantees to provide consumers with a serviceable vehicle and producers' promise to remedy defects. Due to fewer manufacturer obligations under the tractor lemon laws as opposed to automobile lemon laws, tractors may be expected to have more defects than automobiles. Yet the tractor lemon laws contain fewer penalties in the form of restitution remedies. The inconsistencies of these obligations and penalties suggest tractor laws may be inefficient. |
| URI: | http://purl.umn.edu/30923 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 20, Number 01, July 1995 |
| Total Pages: | 11 |
| Language: | English |
| From Page: | 135 |
| To Page: | 145 |
| Collections: | Volume 20, Number 01, July 1995
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| 20010135.pdf | 758Kb | PDF | View/Open |
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