The User Innovation Paradigm: Impacts on Markets and Welfare

Innovation has traditionally been seen as the province of producers. However, theoretical and empirical research now shows that individual users—consumers—are also a major and increasingly important source of new product and service designs. In this paper, we build a microeconomic model of a market...

Full description

Saved in:
Bibliographic Details
Published in:Management science 2017-05, Vol.63 (5), p.1450-1468
Main Authors: Gambardella, Alfonso, Raasch, Christina, von Hippel, Eric
Format: Article
Language:English
Subjects:
Companies
Competition (Economics)
complementarities
Consumers
division of innovative labor
Economic aspects
Economic models
externalities
Innovations
Investments
Markets
Microeconomics
Profit maximization
R&D
Research & development
Research methodology
Social aspects
Social service
Social welfare
Technological innovations
user innovation paradigm
user–producer interactions
Welfare
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!