Applying the Hedonic Method

by Stanley W Gilbert

Overview

The hedonic method provides a mechanism for the impact on the price of a composite good of a new product innovation. Under the right circumstances, and with the right data, it can even help estimate the value to the consumer of those new product innovations. This helps in estimating the benefits of advances in measurement science, and in some cases can help show where additional resources could be profitably spent in seeking further advances.

Product Details

ISBN-13:	9781500362232
Publisher:	CreateSpace Publishing
Publication date:	06/29/2014
Pages:	32
Product dimensions:	8.50(w) x 11.00(h) x 0.07(d)