ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades
Green Car Congress
MARCH 25, 2019
Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Thaler, a professor at the University of Chicago, won the Nobel Prize for economics in 2017. Their paper is published in the Journal of Marketing. It’s a little counterintuitive.
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