We present high-statistics data on differential cross sections and density matrix elements for K*±(890) production obtained in a 13-Gev/c SLAC experiment. The most remarkable features of the data are the dominance of natural-parity exchange and significant differences between K*+ and K*− production by natural-parity isoscalar exchange. We present two exchange models which successfully describe this difference, as well as the overall t dependence: model A including Pomeron plus strongly exchange-degenerate Regge poles and model B involving broken exchange degeneracy for the f and ω exchanges. These two phenomenological models lead to different predictions for the energy dependence of K*± production, for the relative K*(1420)K*(890) production rate, and for the SU(3)-related ρ± production processes.
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