... the original work is properly cited. Abstract Individuals in the household sector (HHS) often develop generally valuable innovations but rarely diffuse these. We explored if this diffusion problem generalizes to HHS innovations in developing countries and zoomed in on the role of business ownership...

...This chapter presents evidence that free innovation is a very substantial phenomenon with respect to the development of products consumed within the household sector. Today, tens of millions of consumers annually spend tens of billions of dollars creating and modifying products to better serve...

... for assistance on innovation projects from the household sector are on the rise. Producers are also learning to support free innovators, seeking to channel their work into privately profitable directions. Hence, the chapter explains how producers are learning to support free innovators in ways that benefit...

... the economics of household sector creative activities even beyond innovation, such as “user-generated content” ranging from fan fiction to contributions to Wikipedia. Commons based peer production Compensated transactions Diffusion transaction free peer to peer as free good Free innovation paradigm...

.../income ratio and (to a lesser extent) debt/asset ratios; apparent declines in credit rationing; rising levels of default, particularly, but not exclusively, during recessions; and frequently also declining household sector saving ratios. It is suggested that these features can partly be related...

... welfare Time discretionary unpaid free innovation paradigm central role in Household sector central role of OECD Organisation for Economic Co operation and Development Product innovation Self rewards free innovation process benefit von Hippel Eric A Baldwin Carliss Y Canada household sector...

...This chapter presents a simple variant of an economic model with environmental pollution and productive public capital. It considers a decentralized economy with a household sector, a productive sector, and the government. This model is analyzed assuming a logarithmic utility function. budget...

... to study the behavior of the household sector as a whole. Micro data from the Survey of Consumer Finances (SCF) are available every three years and only with a lag, but they can be used to address questions that involve differences in behavior over time and across various types of households. Despite...

...This chapter shows that free innovation extends well beyond product innovation—the type of innovation focused upon by almost all studies of household sector innovation to date. It reviews field-specific empirical studies that find significant levels of free innovation present in services, processes...

...This chapter describes the crisis that unfolded in the late 2000s, and how it changed the world's political economy. The crisis had its origins, like many others, on the edges of capitalism, in the household sector and land, and in the most dramatically unbalanced parts of the system, before...

...This chapter examines the effect of interest rates on consumption in Japan and explains why monetary transmission via Japan’s household sector is significantly different from that operating in the United States and other industrial countries. It presents an empirical analysis of Japanese...

...Official balance‐sheet estimates for the household sector are not currently available in South Africa, yet, with the country's well‐developed financial sector and deep capital markets, asset market channels are likely to be important determinants of aggregate consumer spending and saving, consumer...