A general assumption of the standard hedonic price model is that producers produce outputs/services efficiently, and deviations from this situation are assumed to involve either overcharging or undercharging. We consider an alternative hedonic model, where we assume that, among the alternative...

A general assumption of the standard hedonic price model is that producers produce outputs/ services efficiently, and deviations from this situation are assumed to involve either overcharging or undercharging. Using the profit maximising behaviour, we derive an alternative hedonic model to show...

In this paper, we evaluate a fast-track ticket alternative in the alpine skiing industry. Using data from a survey of skiers at a major ski resort in Norway, we estimate price-response functions and optimal fast-track ticket prices. We also analyse (using regression analysis) the main...