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عمومی::
اقتصاد خرد
Following standard rea- soning in microeconomics, the producer innovator can convert this knowledge about customers into a demand function, Q(p), that relates each price it might charge to the number of units of the product or service it will be able to sell at that price.
In line with standard microeconomic modeling, the focus of Gam- bardella, Raasch, and von Hippel (2016) is on the implications of free innovation for producers as well as on the effects of free innovation and producer innovation on social welfare.
I next suggest steps to incorporate free innovation into microeconomic the- ory, and also into important components of innovation policy.
Incorporate Free Innovation into Microeconomic Theory
Despite the large and growing importance of free innovation in the household sector, free innovation has not yet been incorporated into standard microeconomic thinking.
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