Let’s Get Kinky: Government Regulation and the Supply Curve, Part 1

Last post looked at why different firms are Willing to Sell at different Price points — another way of saying that some firms can compete more and longer in a free market because their costs are lower and their margins are higher.  This was bad news for RR, who’d written a letter to the editor…

Read More

Regulation of Hearing Aids in the US, part 2

Electronic Hearing Aids At the turn of the 19th century, hearing aids underwent a technological revolution by emulating telephone technology.  The first electronic hearing aids used carbon microphones that modulated electrical current in response to sound pressure variations. Hearing Aids Become a Business Batteries and electronic components created a market for wearable amplification among people…

Read More