More Stinkin’ Barriers, part 2

There are no barriers that discourage new entrants to the hearing aid industry  (previous post at HHTM) Today’s Econ 202 post continues its contrarian ways by scaling barriers of varying sizes in the US hearing aid manufacturing and delivery system.   Part 1 itemized regulatory requirements for manufacturers, audiologists and providers which pose varying structural challenges to new entries, compared…

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Patent Tales

July’s stroll through the Wonderful World of Patents was likened to Alice falling down the rabbit hole.  This week’s post is more like Billie Goats Gruff making a run for it over the  troll-dominated Bridge of Willful Patent Infringing.   Audiologists rarely read patents, but eventually they are affected by patent skirmishes and patent law,…

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Down Boy, Sit, Stay! Unraveling HearUSA, part 4

As last week’s post wound down, HEARx was hurtling toward  200 retail “hearing aid stores,” 14% US marketshare, and multimillion dollar profitability  by 1991. They didn’t make it.  By 1995, the company was a penny stock (NASDAQ Bulletin Board OTC: EARS) with  only 20% of the stores projected for 5 years earlier.  HEARx wasn’t nationwide and it wasn’t profitable, although top…

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