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dc.creatorAlderete,María Verónica
dc.date2017-09-01
dc.date.accessioned2019-04-25T12:42:02Z
dc.date.available2019-04-25T12:42:02Z
dc.identifierhttps://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0718-18762017000300002
dc.identifier.urihttp://revistaschilenas.uchile.cl/handle/2250/61295
dc.descriptionAbstract: Many users or consumers now operate the two sides of the market as consumers and producers. They are known as prosumers. Their presence is changing the economic dynamic. This paper develops two models, the prosumerism model that determines the prosumer equilibrium; the amount of the private good and prosumer good. The second one is the customization model based on the principal agent framework, where the principal is the manufacturer innovator and the agent the user. Results obtained predict abundance of the prosumer good in the prosumerism model and that the most innovative users will have a higher level of participation in the value creation process than the less innovative ones in the customization model. Hence, policy should encourage users’ participation in the value creation and innovation processes to achieve a higher social welfare.
dc.formattext/html
dc.languageen
dc.publisherUniversidad de Talca
dc.relation10.4067/S0718-18762017000300002
dc.rightsinfo:eu-repo/semantics/openAccess
dc.sourceJournal of theoretical and applied electronic commerce research v.12 n.3 2017
dc.subjectProsumer
dc.subjectCustomization
dc.subjectNetwork effects
dc.subjectMicroeconomic
dc.subjectOpen innovation
dc.titleThe Age of Prosumerism: Some Micro-Economic Analysis


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