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my only concern with this exception is it creates a monopoly, which then needs to be carefully regulated at multiple levels. Yes, we can regulate the price, bu
by ncallaway 3y ago
my only concern with this exception is it creates a monopoly, which then needs to be carefully regulated at multiple levels.
Yes, we can regulate the price, but if only the original vendor can perform repairs we might also need to regulate quality and timeliness (similar to how lemon laws for cars often specificy a maximum number of repair attempts, or hours away from the owner for repairs, before the vehicle must be refunded).
I think it’s an okay approach, but I also think it requires a heavier hand from the government, and from ongoing oversight, than letting the market figure out reasonable rates for a repair.
- bombcar 3y agoALL of these various "consumer protection" laws can be gamed by the biggest players, so they have to carefully vetted before they go live. Basing them on the already-existing protections around the auto industry is probably a decent place to start.