Earticle

초록

영어

This paper investigates why influenced recalls have lower consumers’ correction rates. Risk from vehicle defects positively affects correction rates, while recall initiation negatively affects them. Furthermore, the risks directly affect the correction rates and indirectly affect them via recall initiation. For our analysis, we use linear regression and probit models to obtain consistent estimators of interest. We find that recalls with riskier defects raise the correction rates, particularly if the consumer recall notification letter contains an alerting expression such as “death,” whereupon the correction rate increases by 10%. We also find that the government often initiates more hazardous recalls. Those influenced recalls are negatively associated with the correction rate because vehicle owners often delay repairs, or their vehicles’ defects are revealed after a long time.

목차

Abstract
I. Introduction
Ⅱ. Literature Review
III. Linear Regression and Probit Models
IV. Data and Summary Statistics
1. Data
2. Summary Statistics
V. Estimation Results
1. Estimation Results for Correction Rates
2. Estimation Results for Influenced Recalls
VI. Conclusions
References

초록

키워드

저자

• Yong-Kyun Bae [ 배용균 | Department of Global Studies, Pusan National University ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  응용경제 [Korea Review of Applied Economics]

• 간기

  계간

• pISSN

  1229-5426

• 수록기간

  1999~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 320 DDC 330