NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Gains from Trade in Differentiated Products: Japanese Compact Trucks

Robert C. Feenstra

NBER Working Paper No. 1978
Issued in July 1986
NBER Program(s):   ITI   IFM

We present a methodology for estimating the welfare gains from a product

with new characteristics, and apply it to Japanese and American compact

trucks. Our approach can be used on any products for which a hedonic

regression can be estimated. For 1979-80 we find average welfare gains of

$500-600 per Japanese truck. In later years the benefit to consumers is

reduced by the tariff on imports and the introduction of American compact

models. American compacts have consumer gains which are much less than the

average for Japanese models, since for each American compact there is an

import with very similar characteristics.

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Document Object Identifier (DOI): 10.3386/w1978

Published: Feenstra, Robert C. "Gains from Trade in Differentiated Products: Japanese Compact Trucks," Empirical Methods for International Trade, ed. by R. C. Feenstra, Cambridge, MA: MIT Press, 1988.

 
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