The Impact of Environmental Fraud on the Used Car Market: Evidence from Dieselgate*
研究2015年大众柴油门事件对以色列二手车市场的影响，发现涉及欺诈的车辆交易量下降18%，转售价格下降6%，且交易量下降主要来自私人卖家，可能由支付意愿降低和逆向选择导致。
This study explores the effects of Volkswagen’s 2015 emissions scandal (‘Dieselgate’) on the used car market in Israel. Using a difference‐in‐differences research design and administrative and proprietary data, we find that after Dieselgate the number of transactions involving VW‐manipulated cars fell by 18%, and the resale price of these cars fell by 6%. The drop in the number of transactions was concentrated among private sellers. We discuss alternative explanations and suggest that lower willingness‐to‐pay and adverse selection following Dieselgate could explain our findings.