Warranty design under buyer and seller r
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Peter H. Ritchken; Charles S. Tapiero
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Article
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1986
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John Wiley and Sons
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English
⚖ 515 KB
This paper provides a framework in which warranty policies for non-repairable items can be evaluated according to risk preferences of both buyers and sellers. In particular, a warranty price schedule is established such that sellers are indifferent among the policies. Given this schedule, a buyer's