Hedonic price methods and the structure of high-technology industrial markets - An empirical analysis

This article develops a hedonic price model to investigate empirically the structure of a rapidly evolving industrial market. The model postulates price distortions that arise out of intersegment and interfirm heterogeneity. The application of the model supplies evidence in support of the hypotheses. Empirical results are consistent with existing work on the role of technical performance and technological change in hedonic evaluations of high-technology industrial products. Particular emphasis is placed on policy implications for industrial marketing management. (C) 2001 Elsevier Science Inc. All rights reserved