Welfare implications of user innovation

Joachim Henkel; Eric Von Hippel

doi:10.1007/s10961-004-4359-6

Welfare implications of user innovation

Joachim Henkel
, Eric Von Hippel

Chair of Technology and Innovation Management

MIT Sloan School of Management

Research output: Contribution to journal › Article › peer-review

123 Scopus citations

Abstract

Innovation by users is now understood to be an important part of innovative activity in the economy. In this paper we explore the implications of adding innovation by users to existing models of social welfare that currently assume innovation by manufacturers only. We find this addition removes several inefficiencies, and that social welfare is likely to be increased by the presence of user innovation. Implications for policies that can impact users' freedom to innovate are discussed.

Original language	English
Pages (from-to)	73-87
Number of pages	15
Journal	Journal of Technology Transfer
Volume	30
Issue number	1-2
DOIs	https://doi.org/10.1007/s10961-004-4359-6
State	Published - Dec 2004

Keywords

Inefficiencies
Product diversity
Social welfare
User innovation

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10.1007/s10961-004-4359-6

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abstract = "Innovation by users is now understood to be an important part of innovative activity in the economy. In this paper we explore the implications of adding innovation by users to existing models of social welfare that currently assume innovation by manufacturers only. We find this addition removes several inefficiencies, and that social welfare is likely to be increased by the presence of user innovation. Implications for policies that can impact users' freedom to innovate are discussed.",

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AB - Innovation by users is now understood to be an important part of innovative activity in the economy. In this paper we explore the implications of adding innovation by users to existing models of social welfare that currently assume innovation by manufacturers only. We find this addition removes several inefficiencies, and that social welfare is likely to be increased by the presence of user innovation. Implications for policies that can impact users' freedom to innovate are discussed.

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KW - Product diversity

KW - Social welfare

KW - User innovation

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Welfare implications of user innovation

Abstract

Keywords

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