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 pri ce 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 techni cal performance and technological change in hedonic evaluations of high-tec hnology industrial products. Particular emphasis is placed on policy implic ations for industrial marketing management. (C) 2001 Elsevier Science Inc. All rights reserved.