Category: Inferior Goods

http://biedermanblog.com/music/feast-or-famine-for-entertainment-industry-in-consumers-summer-of-a-la-carte-choices/

Just Good Enough on the à la carte Menu

Holly Hosford-Dunn à la carte / Audio Devices / Audiology / Brian Taylor AuD / Class 1 Medical Device / commoditization / Goods Market / Hearing aids / Hearing healthcare / Hypersound Speakers / Inferior Goods / Personal Sound Amplification Product / Price / PSAP / Roger's Diffusion of Innovation Curve / Substitute Goods / Supply Side / Supply Side Shocks / Utility / Willingness to Pay

“Signal & Noise” is a bimonthly column by Brian Taylor, AuD.   In addition to fitting conventional hearing aids, audiologists and hearing instrument specialists may have the opportunity to adapt an à la carte approach to technology with a menu of offerings tailored to the “just good enough” needs of the individual. This menu may…

Read More
http://www.cambridgeincolour.com/tutorials/image-noise.htm

Signal & Noise: Are We Entering the “Just Good Enough” Era?

Holly Hosford-Dunn 3 Comments Audio Devices / Audiology / Brian Taylor AuD / Class 1 Medical Device / commoditization / Competitive Market / Demand / Efficient Market / Hearing aids / Hearing healthcare / Inferior Goods / market growth / Personal Sound Amplification Product / Price / Price Elasticity / PSAP / Purchasing Decision / Sector 44-Retail Trade / Substitute Goods / Supply / Supply Side Shocks / Utility / Willingness to Pay / Willingness to Sell

Hearing Economics is pleased to announce Brian Taylor as a new columnist.  Dr. Taylor plans to help us get to core concepts in a series of bimonthly discussions entitled “Signal & Noise.”  Today’s post marks his debut column, describing actual data to bear on outcomes from available ear-level amplification technologies.  Welcome, Brian, and thanks for…

Read More

Watch Out, Watch Out, Here Her Comes!

Holly Hosford-Dunn 1 Comment Android apps / Apple / Audio Devices / Audiology / Big 6 / Class 1 Medical Device / disruptive Innovation / Economic Sectors / GN Resound / Goods Market / Hearables / Hearing Aid Manufacturers / Hearing aids / Hearing healthcare / Inferior Goods / iOS apps / Made for iPhone Hearing Aids / MFi / MFi Hearing Aids / NAICS / Nick Hunn / Personal Sound Amplification Product / PSAP / Sector 44-Retail Trade / smartphones / Starkey / Substitute Goods / Supply Side / Supply Side Shocks / Technology

Her was first described at Hearing Economics in a December post as real-life version of Samantha, the ear-level, all-knowing operating system that whispered into Joaquin Phoenix’s ear(s) in the film “Her.” As the hearing industry enters 2015, Her  is manifest in a variety of ear-level wearables of varying sophistication and application, collectively dubbed Hearables.  The January 4-9,…

Read More
http://hearathome.wordpress.com/category/hearing-aids/

Consumers Listen Up Before Purchasing Online Hearing Aids

Holly Hosford-Dunn 14 Comments Audio Devices / Audiology / Bundling / Class 1 Medical Device / Consumerism / Customer Service / Demand / Harvey Abrams PhD / Hearing Aid Manufacturers / Hearing healthcare / Hi HealthInnovations / Inferior Goods / Internet hearing aid sales / Over-the-counter hearing aid / Personal Sound Amplification Product / Price / Price Elasticity / Pricing / Starkey / State Licensure / Substitute Goods / United Healthcare / Utility / Validation / Verification / Willingness to Pay

Today’s post comes from Guest Editor Harvey Abrams, PhD,  back with another compelling read.  He was last heard explaining away the $100 hearing aid myth.  Readers can find his bio at the end of the post. Today’s post picks up the Pricing issue from the service side of the equation:  Not only do products cost more…

Read More

Government Regulation of Hearing Healthcare, part 2

Holly Hosford-Dunn 2 Comments Advertising / Audiology / Bundling / Christine Diles / Classical Economics / Competitive Market / Cost / Demand / disruptive Innovation / Economics / factors of production / FDA / Glut / Hearing Aid Advertising / Hearing Aid Dispensers / Hearing Aid Final Rule / Hearing aids / Hearing healthcare / hi HealthInnovations / Inferior Goods / Personal Sound Amplification Product / Price Taker / Pricing / PSAP / Subsidies / Substitute Goods / Supply / Supply Curve / Surplus / Technology / Willingness to Pay / Willingness to Sell

Several posts ago, Hearing Economics looked at the Supply Curve in a free market and likened independent Audiologists to wheat farmers, in the sense that they exercise little if any influence on Pricing.  That post evoked comment from a regular reader: C:  Holly, you using the analogy of how hearing aid professionals are like wheat…

Read More