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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...
Persistent link: https://www.econbiz.de/10013036833
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The impact of user innovation on social welfare isanalyzed by comparing user innovators to manufacturer innovators in terms oftheir innovation incentives and knowledge.Following a review of theliterature on product development by users, it is argued that the introductionof user innovation in a...
Persistent link: https://www.econbiz.de/10014201291
This research note reports upon the first survey of household sector innovation in China. Compared to previous survey studies we add two first-of-kind variables and related findings.First, we include data on individual income, a resource-related antecedent of household sector innovation. We find...
Persistent link: https://www.econbiz.de/10012840331
It is known that end users of products and services sometimes innovate, and that innovations developed by users sometimes become the basis for important new-commercial products and services. It has also been argued and to some extent shown that such innovations will be found concentrated in a...
Persistent link: https://www.econbiz.de/10012829710
In this paper, we report findings from a first nationally-representative survey of household sector innovation in China, and offer two major new findings to that literature stream. First, we find that 23.2 million Chinese citizens are household innovators when we include householders who develop...
Persistent link: https://www.econbiz.de/10012915773
Innovation is rapidly becoming democratized. Users, aided by improvements in computer and communications technology, increasingly can develop their own new products and services. These innovating users - both individuals and firms - often freely share their innovations with others, creating...
Persistent link: https://www.econbiz.de/10014065233
Via a study of innovating German consumers, we explore links between the “Big Five” personality traits and successful accomplishment of three basic innovation process stages by consumer-innovators: (1) generating an idea for a new product or product improvement, (2) developing a prototype...
Persistent link: https://www.econbiz.de/10014143893
A central tenant of open innovation is free revealing of the detailed workings of novel products and services, so that others may use them, learn from them, and perhaps improve them as well. We explain that innovators frequently do freely reveal proprietary information and knowledge regarding...
Persistent link: https://www.econbiz.de/10014027037
The literature on new goods and social welfare generally assumes that innovations are developed by manufacturers. But innovation by users has been found to also be an important part of innovative activity in the economy. In this paper we explore the impact of users as a source of innovation on...
Persistent link: https://www.econbiz.de/10014029906