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Gains from Trade in Differentiated Products: Japanese Compact Trucks

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NBER1986-07-01 更新2025-01-04 收录
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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

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1986-07-01
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