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A hedonic price analysis of hearing aid technology

Author

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  • Dakshina G. De Silva
  • Nidhi Thakur
  • Mengzhi Xie

Abstract

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.

Suggested Citation

  • Dakshina G. De Silva & Nidhi Thakur & Mengzhi Xie, 2013. "A hedonic price analysis of hearing aid technology," Applied Economics, Taylor & Francis Journals, vol. 45(16), pages 2315-2323, June.
  • Handle: RePEc:taf:applec:45:y:2013:i:16:p:2315-2323
    DOI: 10.1080/00036846.2012.663473
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    References listed on IDEAS

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    1. Zvi Griliches, 1964. "Notes on the Measurement of Price and Quality Changes," NBER Chapters,in: Models of Income Determination, pages 381-418 National Bureau of Economic Research, Inc.
    2. Zvi Griliches, 1961. "Hedonic Price Indexes for Automobiles: An Econometric of Quality Change," NBER Chapters,in: The Price Statistics of the Federal Goverment, pages 173-196 National Bureau of Economic Research, Inc.
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