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ArtikelImperfect Mileage Information and Changing Utility : A Model and Survey Results  
Oleh: Kinsey, Jean ; Roe, Terry ; Senauer, Benjamin
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Journal of Consumer Affairs vol. 20 no. 2 (1986), page 155-172.
Topik: utility; mileage; utility
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ1
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThis paper extends work which integrates misinformation into consumer utility theory. It provides a framework for measuring the cost of misinformation or the value of improved information. If automobile purchases are based on imperfect gasoline mileage information, a discrepancy results between consumers' expected and actual fuel expenditures. Based on a survey of new car buyers, the empirical analysis yields estimates of the private and social cost of inaccuracies in automobile buyers' pre - purchase gasoline mileage estimates. The reliability of mileage information varied from different sources, but many consumers found the EPA fuel - economy ratings relatively unreliable.
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