http://chs.harvard.edu/CHS/article/display/6018

US Hearing Device Patents for November 2016

Sybaritic Pleasures: A Quick Econ 101 Primer   On the Demand side, marketeers talk about creating and growing markets by identifying needs (e.g., hunger) and turning them into wants by creating products that offer more and more satisfaction (e.g., hamburgers, then caviar). Economists talk about growing demand by foreseeing consumer preferences across all possible goods which…

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Barriers in the US Hearing Aid Market, post script

Since its inception, Hearing Economics has toiled persistently, if not rigorously, to infuse basic economic thinking and its lexicon into the audiology world. The goal is to broaden our view, giving us more opportunities to strengthen our grip on our profession. In that spirit, the five-post barriers series fits into the Econ 202 discourse which…

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End of Barriers, Part 4

This is the almost-final Econ 202 post on barriers that exist in the US hearing aid manufacturing and delivery system.1   Parts 1,  2 and 3 addressed regulatory requirements that discourage new entrants; legal and economic definitions of barrier to industry entry/exit; structural and strategic barriers in the hearing aid industry; and specific strategic barriers used by incumbent manufacturers in their…

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Strategic Barriers in the Hearing Aid Industry, Part 3

There are no barriers that discourage new entrants to the hearing aid industry (previous post at HHTM). Part 1 of the barrier series itemized regulatory requirements that discourage new entrants; Part 2 distinguished between legal and economic definitions of barrier to industry entry/exit and briefly described some structural and strategic barriers in the hearing aid industry.…

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Do High Profits Stymie Innovation and Swell Prices? Unsticking Adam Smith’s Hand

“Signal & Noise” is a bimonthly column by Brian Taylor, AuD.   Profits are an essential part of a free enterprise system. They provide employees and their families with an income, give shareholders a return, foster innovation and signal where capital needs to be invested in order to improve or grow a business.   Profit…

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