THE THEORY OF WARRANTY CONTRACTS
综述了保修合同存在与设计的理论，用保险、信号和激励动机解释保修的存在，并分析现实中的不完美因素如何阻碍保修实现最优效果。
Abstract. This paper surveys theories of the existence and design of warranty contracts. Insurance, signalling, and incentive motives are used to explain the existence of warranties. The incorporation of imperfections that prevent warranties from serving their basic purposes in a first‐best way describes actual warranty practices.