Henkel, Joachim; von Hippel, Eric - C.E.P.R. Discussion Papers - 2003
The literature on new goods and social welfare generally assumes that manufacturers 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 on inefficiencies that bias the provision of new goods, and find that most are either alleviated or non-existent for …