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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - A hedonic price analysis of hearing aid technology
AU - De Silva, Dakshina G.
AU - Thakur, Nidhi
AU - Xie, Mengzhi
PY - 2013
Y1 - 2013
N2 - In this article, we study how technological components affect the price of hearing aids. The main goals are to determine which functional and technological features have the greatest influence on manufacturer-based prices in the hearing aid industry, and to analyse the price-cost margins at the dispenser level using a unique data set that is compiled from a hearing clinic in West Texas. The result shows that style and signal processing scheme are the two most important determinants of hearing aid price. Other characteristics such as directional microphone, noise cancellation, and a certain shell type are also positively related to price. Further, on average, this particular local dispenser has a markup of about 35% per hearing instrument.
AB - In this article, we study how technological components affect the price of hearing aids. The main goals are to determine which functional and technological features have the greatest influence on manufacturer-based prices in the hearing aid industry, and to analyse the price-cost margins at the dispenser level using a unique data set that is compiled from a hearing clinic in West Texas. The result shows that style and signal processing scheme are the two most important determinants of hearing aid price. Other characteristics such as directional microphone, noise cancellation, and a certain shell type are also positively related to price. Further, on average, this particular local dispenser has a markup of about 35% per hearing instrument.
KW - Price-Cost-Margins
KW - Hedonics
KW - Hearing Aids
U2 - 10.1080/00036846.2012.663473
DO - 10.1080/00036846.2012.663473
M3 - Journal article
VL - 45
SP - 2315
EP - 2323
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 16
ER -