Hippel, Eric von; Henkel, Joachim - Centre for Economic Policy Research <London> - 2003
The literature on new goods and social welfare generally assumes thatmanufacturers develop innovations. But innovation … impact of users as a source of innovation on product diversity,innovation, and welfare. We examine the impact of user … innovation oninefficiencies that bias the provision of new goods, and find that most areeither alleviated or non-existent for …