Why are Retail Prices in Japan so High?: Evidence from German Export Prices / Michael M. Knetter.

Format:

Book

Author/Creator:

Knetter, Michael M.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4894.

NBER working paper series no. w4894

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Why are Retail Prices in Japan so High?

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main competing explanations for this finding are: (1) a relatively high degree of discriminatory practices against imports and (2) relatively high distribution costs associated with getting goods to the point of final sale in Japan. The first of these explanations implies that foreign exporters should charge higher prices on shipments to Japan than elsewhere, provided at least some of the rent associated with restrictive practices can be captured by the exporter. For the vast majority of the 37 7-digit German export industries studied here, the data are consistent with this implication. Prices on shipments to Japan appear to be significantly higher than prices on shipments to the United States, the United Kingdom, and Canada.

Notes:

Print version record

October 1994.