We estimate the sensitivity of scrap decisions to changes in used car values - the "scrap elasticity" - and show how it … influences used car fleets under policies aimed at reducing gasoline use. Large scrap elasticities will tend to produce emissions … leakage under efficiency standards as the longevity of used vehicles is increased, a process known as the Gruenspecht effect …

. We analyze more than 850,000 wholesale used car auctions and find large and significant differences in outcomes …

We estimate the sensitivity of scrap decisions to changes in used car values - the "scrap elasticity" - and show how it … influences used car fleets under policies aimed at reducing gasoline use. Large scrap elasticities will tend to produce emissions … leakage under efficiency standards as the longevity of used vehicles is increased, a process known as the Gruenspecht effect …

find that retail transaction prices and volumes of used vehicles drop discontinuously at 10,000-mile odometer thresholds …

We examine empirically whether individuals evaluating used cars efficiently aggregate all relevant information on its … constituent characteristics. Based on detailed field data on more than 80,000 used car offers in a large online marketplace, we …