Cars as Quasi-Assets

Why Cars Became Quasi-Assets in Iran: Administered Prices, Lottery Rent, and the Depreciation Nobody Counts

This lesson explains why a car in Iran sits alongside gold and the dollar on the list of places households park their money. We define administered pricing, show why a single car carries two prices at once, trace exactly whose pocket that gap ends up in, and explain why depreciation keeps a car from ever becoming a full asset.