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The Flat Rental Puzzle

Why is the price of renting an automobile "flat" as a function of its age or odometer value? Specifically, why is it that car rental companies do not offer customers the option of renting older cars at a discount, instead of offering only relatively new cars at full price? We also tackle a... Full description

1st Person: CHO, SUNGJIN
Additional Persons: RUST, JOHN verfasserin
Source: in The review of economic studies : RES Vol. 77, No. 2 (2010), p. 560-594
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Type of Publication: Article
Language: English
Published: 2010
Keywords: research-article
Online: Volltext
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