A theoretical study of quality certification system of Chinese used car market

Zhang, Lei (2013). A theoretical study of quality certification system of Chinese used car market Master's Thesis, School of Engineering, The University of Queensland.

       
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Author Zhang, Lei
Thesis Title A theoretical study of quality certification system of Chinese used car market
School, Centre or Institute School of Engineering
Institution The University of Queensland
Publication date 2013
Thesis type Master's Thesis
Supervisor Dr Shino Takayama
Total pages 57
Language eng
Subjects 14 Economics
Formatted abstract

This thesis begins with reviewing some researcher’s research on quality certification system, especially for its effects on the “Lemon Market”. By introducing and comparing the status quos of developed countries and China briefly, it shows the issues caused by asymmetric information and adverse selection. Then, two economic models, Expected Utility Model and the Metzger’s Model, are applied and discussed in used car market of China to show how important the quality certification system is and what the effects are. In the final part, combined with national conditions, this thesis gives some suggestions to undeveloped quality certification system in China.

Keyword Lemon market
Quality certification system
Asmmetric information
Adverse selection
Expected utility
Additional Notes * ECON7930 ECONOMIC THESIS

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Wed, 02 Oct 2013, 09:36:28 EST by Mr Yun Xiao on behalf of Scholarly Communication and Digitisation Service