Is CARS a Clunker?

@article{Abrams2009IsCA,
  title={Is CARS a Clunker?},
  author={B. Abrams and G. Parsons},
  journal={The Economists' Voice},
  year={2009},
  volume={6}
}
Burton Abrams and George Parsons of the University of Delaware evaluate the efficiency of the recently introduced 'Cash for Clunkers' program and conclude that the cost exceeds the benefit by approximately $2000 per vehicle. 
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References

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Cashfor Clunkers’ Program Gets $2 B Refill,” http://www. cnsnews.com/news/print/52256. The first $1.03 billion in the program purchased
  • 2009
“ ‘ Cash - for Clunkers ’ Program Gets $ 2 B Refill The number used in a 2005 EPA study
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