The Prosumer Economy Being Like a Forest
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
2. the Democratic Turn
DANIEL ARAYA 2. THE DEMOCRATIC TURN Prosumer Innovation and Learning in the Knowledge Economy INTRODUCTION As Eric Von Hippel (2005) has pointed out, the distributed nature of information and communications technologies is enabling an emergent mode of economic production that is best described as “democratic innovation”. Looking at democratic innovation from the perspective of complexity theory, I will suggest that the nature of socioeconomic production is becoming increasingly anchored to “prosumer innovation” networks. Building out from information and communications networks (ICNs), prosumer innovation blurs the boundaries between producers and consumers, joining both categories to broader systems of creative cooperation. This chapter will explore the contours of prosumer innovation and consider its potential for advancing systems of education. Focusing on prosumer innovation as an emergent cultural practice, I will suggest that the democratization of knowledge and learning should be the locus of concern for educational policy-makers over the coming decades. THE DEMOCRATIC TURN: ICNS AND CULTURAL PRODUCTION Over the past quarter century, policy discourse in advanced capitalist countries has increasingly focused on the economic needs associated with the production of knowledge. Unlike the tangible assets linked to the industrial economy- land, labor, capital, and raw materials, the knowledge economy is largely defined by abstract goods such as research, creativity, design, innovation, and learning. For theorists like Alvin Toffler (1990) and Peter Drucker (1993), the knowledge economy represents a socioeconomic shift from labour-intensive “smokestack industries” to “mind work”. Impacting the global economy in varied ways, knowledge and innovation are becoming central to commercial production. From network-driven business services and automated production systems, to complex engineering and just-in- time manufacturing, the knowledge economy is characterized as a new mode of capitalist production (Castells 1996; Womack et al., 1991). -
Assessing Ricardian Equivalence
WORKING PAPERS ASSESSING RICARDIAN EQUIVALENCE Roberto RICCIUTI* Dipartimento di Economia Politica, Università di Siena Piazza San Francesco 7, 53100 Siena, Italy E-mail: [email protected] ABSTRACT This paper reviews the literature on Ricardian equivalence. This hypothesis may be interpreted as a generalisation to the short and the long run of the theories which put no weight on the real effects of public policies on aggregate demand. We argue that Ricardian equivalence relies on both permanent income hypothesis and the fulfilment of the intertemporal government budget constraint. The theoretical literature emphasises several reasons for departures from this hypothesis. However, the empirical literature is inconclusive. When Ricardian equivalence is tested in a life-cycle framework the hypothesis is usually rejected, while when the empirical analysis is based on optimising models, it is usually accepted. JEL Classification: E62 – H31 – H62 – H63 Keywords: Fiscal Policy, debt, taxes, goverment spending * Simon Wren-Lewis introduced me to the topic. Alberto Dalmazzo, Peter Diamond and John Seater provided useful comments. I thank them retaining the property rights of any mistakes. March 2001 In point of economy, there is no real difference in either of three modes: for twenty millions in one payment, one million per annum for ever, or 1,200,000 for 45 years, are precisely the same value; but people who pay taxes never so estimate them, and therefore do not manage their private affairs accordingly. We are too apt to think that war is burdensome only in proportion to what we are at the moment called to pay for it in taxes, reflecting on the probable duration of such taxes. -
Convenience Matters Serving the New Mexican Consumer
The Retail and Consumer Industry in Mexico May 2016 Convenience matters Serving the new Mexican consumer In this report 2 Mexico: Stability amidst global volatility 4 More than just tequila: Significance of the retail and consumer sector 8 More pesos in the pocket: The sector takes off 12 Convenience matters 16 In the shadows: The vast informal market 22 Building capability muscles and aligning your operating model 29 The winning concoction: Local knowledge, global expertise 31 Unlocking the enablers for growth www.pwc.com/gmc Foreword As the world’s developing markets face a Arguably, retail and consumer reflects There are excellent examples of such time of volatility, Mexico stands out as the opportunities emerging from the companies in Mexico. A retailer like one of the key markets weathering the duality of the Mexican economy better FAMSA has managed to properly storm. It is doing so through sustained than any other sector: balance the risk required to serve this evolution and slow but steady growth more informal segment of consumers, in many dimensions. The retail and • Modern format retail stores and through a combination of deep consumer sector is one industry which multinational franchises such as consumer knowledge and alternative has the potential to exceed Mexico’s Walmart and Starbucks are constantly contact channels, while also leveraging average national future growth. This growing and developing, alongside its traditional stores and offerings, not will be driven by a combination of the resilient traditional ‘changarros’ just to gain access to these new economic and socio-demographic and adapted concepts such as OXXO consumers, but also to earn increased trends, the progressive implementation and Farmacias Similares. -
Navorsingsverslag Research Report
NAVORSINGSVERSLAG RESEARCH REPORT 2001 INHOUDSOPGAWE / TABLE OF CONTENTS Bladsye / Pages VOORWOORD / FOREWORD i-ii GIDS TOT KATEGORIEË GEBRUIK / GUIDE TO CATEGORIES USED iii-iv FAKULTEIT LETTERE EN WYSBEGEERTE / FACULTY OF ARTS 1-58 FAKULTEIT NATUURWETENSKAPPE / FACULTY OF SCIENCE 59-115 FAKULTEIT OPVOEDKUNDE / FACULTY OF EDUCATION 116-132 FAKULTEIT LANDBOU- EN BOSBOUWETENSKAPPE / 133-173 FACULTY OF AGRICULTURAL AND FORESTRY SCIENCES FAKULTEIT REGSGELEERDHEID / FACULTY OF LAW 174-180 FAKULTEIT TEOLOGIE / FACULTY OF THEOLOGY 181-190 FAKULTEIT EKONOMIESE EN BESTUURWETENSKAPPE / 191-217 FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES FAKULTEIT INGENIEURSWESE / FACULTY OF ENGINEERING 218-253 FAKULTEIT GENEESKUNDE / FACULTY OF MEDICINE 254-342 FAKULTEIT KRYGSKUNDE / FACULTY OF MILITARY SCIENCE 343-350 ALGEMEEN / GENERAL 351-353 Redakteur / Editor: JP Groenewald Senior Direkteur: Navorsing / Senior Director: Research Universiteit van Stellenbosch / University of Stellenbosch Stellenbosch 7602 ISBN 0-7972-0907-7 i VOORWOORD Die jaarlikse Navorsingsverslag bied 'n omvattende rekord van die navorsingsuitsette wat in die betrokke jaar aan die Universiteit gelewer is. Benewens hierdie oorkoepelende perspektief op navorsing word jaarliks ook ander perspektiewe op navorsing in fakulteitspublikasies aangebied. Statistieke omtrent navorsingsuitsette word in ander publikasies van die Universiteit se Afdeling Navorsingsontwikkeling aangegee. Die Universiteit se navorsingspoging is, soos in die verlede, gesteun deur 'n verskeidenheid van persone en organisasies binne sowel as buite die Universiteit. Die US spreek sy besondere dank uit teenoor die statutêre navorsingsrade en kommissies, staatsdepartemente, sakeondernemings, stigtings en private indiwidue vir volgehoue ondersteuning in dié verband. Wat die befondsing van navorsing betref, word navorsers aan Suid-Afrikaanse universiteite - soos elders in die wêreld - toenemend afhanklik van nuwe bronne vir die finansiering van navorsing. -
After Convergence: Youtube and Remix Culture
After Convergence: YouTube and Remix Culture Anders Fagerjord Beyond Convergence In little more than a year, from November 2005 to the autumn of 2006, YouTube became a new media phenomenon. This library of videos uploaded from millions of users is one of the best examples of the complex matrix of new media that are described as convergence (Walther, 2005), convergence culture (Jenkins, 2006) and Web 2.0. (Musser & O’Reilly, 2007). It is complex because the content is unpre- dictable. On YouTube, there are lots of recordings from TV shows and films old and new. Amateur videos of stunts, fiction, parodies and pastiches abound. Professional recordings attempt to market products and artists famous and would-be famous. Regular people put up diary-like recordings of speaking into a camera. Politicians cry for attention in more or less convincing talks, “viral marketing” tries to disguise its commercial message, and fictional diaries pretend to be real. And the declining genre of the music video has found a new life online (Austerlitz, 2007). YouTube is not just a web phenomenon; it is in open contest with broadcast TV. TV shows look to YouTube for newsworthy or entertaining material. As MediaCentre PCs and AppleTVs occupy the place of the TV set and mobile phones are ready to show you YouTube videos wherever you are, YouTube promises to follow you everywhere. YouTube seems to me to be a good example to discuss modern online media with, but first, we need to back up a little. When Nicholas Negroponte resigned from his column in Wired Magazine in 1998, he had written for 6 years about new media technology, and his ideas of what the future will bring. -
Nber Working Paper Series Consumption and Saving
NBER WORKING PAPER SERIES CONSUMPTION AND SAVING: MODELS OF INTERTEMPORAL ALLOCATION AND THEIR IMPLICATIONS FOR PUBLIC POLICY Orazio P. Attanasio Guglielmo Weber Working Paper 15756 http://www.nber.org/papers/w15756 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2010 We are grateful to a very large number of people for a number of different reasons. Our thinking about the issues discussed in this paper has been particularly influenced by a set of people, several of whom have been co-authors in several projects. They include: Rob Alessie, James Banks, Richard Blundell, Martin Browning, Angus Deaton, Hamish Low, Tom MaCurdy, Costas Meghir and Luigi Pistaferri. We have discussed many of the issues covered in this paper (and sometimes disagreed) with them. We certainly learned a lot from them. We are very grateful to three referees for comments and suggestions, and to the editor, for comments, suggestions, and incredible patience! The first author’s research was partly financed by the ESRC Professorial Fellowship RES-051-27-0135. The second author thanks ESRI, Cabinet Office, Tokyo, for hospitality, and many useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2010 by Orazio P. Attanasio and Guglielmo Weber. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. -
Changing Content Creation in the Age of Prosumer: from Individual to Multi-Channel Networks
Changing Content Creation in the Age of Prosumer: from Individual to Multi-Channel Networks Liwei Yang Masters of Arts Communication Supervised by Dr. Elizabeth Dubois University of Ottawa Department of Communication ©Liwei Yang, Ottawa, Canada, 2018. ii Changing Content Creation in the Age of Prosumer: from Individual to Multi-Channel Networks Abstract In a rapidly-changing information environment, it is necessary to stay up-to-date with industry trends to be productive (Austin, 2013). Particularly in an era where short videos dominate social media, a step has been taken from user generated content to professionally generated content. Multi-channel networks (MCN) have emerged, first, as assisting agencies for YouTube in the United States since at least 2013, providing creative media management services. This prosperous model emerged in China in 2015. Papitube represents a typical switch from a single influential media prosumer to a matrix of content creators. Despite the visible rise of MCNs, few studies look into their mechanism and systematically investigate its effects on changing the power dynamics of content creators in the short video industry compared with individual work. As investment and public attention continue to flow toward MCNs, it is necessary to address value and strategy questions so as to give basic directions to future studies concerning MCNs’ vitality. This study first draws literature about cultural industries as the ground for content creation, then reviews the practice of individuals and organizations in content production. The literature together helps identify a set of measurement objectives of MCNs’ performances that are referred to in the following analyses. Next, the study adopts a qualitative document analysis approach and content analysis approach to examine the case of Papitube and its partners. -
Designing for the Maker Did You Do It Yourself, When Somebody Already Designed It for You?
Designing for the Maker Did you Do It Yourself, when somebody already Designed It for You? Kikki Stokstad Haug Department of Product Design Norwegian University of Science and Technology ABSTRACT A designer’s role in a Makers/DIY paradigm. What are the implications for the designer when advancing from constructing ideal end-products, to additionally conveying knowledge and empower the end-users to construct their own products? Designing for Makers, has unique properties when compared to traditional product design (designing for users), or co-design (designing with users). What is the role of a trained industrial designer, when you no longer singularly design a final end-product for industrial production, but moreover work as a facilitator and /or contributor in the process of producing in a DIY paradigm? This article is intended to shine light on the synthesis of parameters affecting the design of DIY products or processes. How can the industrial designer devise/contrive products where the prosumer/DIY Designer is sufficiently stimulated, for instance through co-creation, while the overall product strategy ensures to obtain a result matching the prosumers expectations? Can the industrial designer create alternate strategies where creative control can be handed over to a DIY prosumer, without loosing the overall control of the aesthetic? KEYWORDS Components of DIY, Co-creation, Customisation, Contemporary Crafts, Attachment in Consumer-behavior, Instructional Design 1. INTRODUCTION the premises that need to be taken into consideration when designing for the Maker and Much have been written on the activity of DIY, how this might influence the design of products including trying to define and classify DIY for the DIY marked. -
China's Consumer Market
China’s Consumer Market: Opportunities and Risks A Deloitte Research Study Table of Contents Introduction .................................................................................. 1 The consumer economy .............................................................. 1 The distribution sector .............................................................. 14 Changing landscape for distribution ....................................... 17 Strategic requirements for success .......................................... 20 Concluding thoughts ................................................................. 20 About Deloitte Research Deloitte Research, a part of Deloitte Services LP, identifies, analyzes, and explains the major issues driving today’s business dynamics and shaping tomorrow’s global marketplace. From provocative points of view about strategy and organizational change to straight talk about economics, regulation and technology, Deloitte Research delivers innovative, practical insights companies can use to improve their bottom-line performance. Operating through a network of dedicated research professionals, senior consulting practitioners of the various member firms of Deloitte Touche Tohmatsu, academics and technology specialists, Deloitte Research exhibits deep industry knowledge, functional understanding, and commitment to thought leadership. In boardrooms and business journals, Deloitte Research is known for bringing new perspective to real-world concerns. 26 Deloitte Research – China’s Consumer Market: Opportunities and -
The Age of Prosumerism: Some Micro-Economic Analysis María Verónica Alderete1
Journal of Theoretical and Applied Electronic Commerce Research This paper is available online at ISSN 0718–1876 Electronic Version www.jtaer.com VOL 12 / ISSUE 3 / SEPTEMBER 2017 / 1-12 DOI: 10.4067/S0718-18762017000300002 © 2017 Universidad de Talca - Chile The Age of Prosumerism: Some Micro-Economic Analysis María Verónica Alderete1 1 Universidad Nacional del Sur, CONICET, Instituto de Investigaciones Económicas y Sociales del Sur (IIESS), Bahía Blanca, Argentina. Universidad Nacional del Sur (UNS), Departamento de Economía, Bahía Blanca, Argentina. [email protected] Received 29 November 2016; received in revised form 3 April 2017; accepted 27 May 2017 Abstract 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. Keywords: Prosumer, Customization, Network effects, Microeconomic, Open innovation 1 The Age of Prosumerism: Some Micro-Economic Analysis María Verónica Alderete Journal of Theoretical and Applied Electronic Commerce Research This paper is available online at ISSN 0718–1876 Electronic Version www.jtaer.com VOL 12 / ISSUE 3 / SEPTEMBER 2017 / 1-12 DOI: 10.4067/S0718-18762017000300002 © 2017 Universidad de Talca - Chile 1 Introduction We are witnessing a transformation in the market model. -
The Routledge Companion to Remix Studies
THE ROUTLEDGE COMPANION TO REMIX STUDIES The Routledge Companion to Remix Studies comprises contemporary texts by key authors and artists who are active in the emerging field of remix studies. As an organic interna- tional movement, remix culture originated in the popular music culture of the 1970s, and has since grown into a rich cultural activity encompassing numerous forms of media. The act of recombining pre-existing material brings up pressing questions of authen- ticity, reception, authorship, copyright, and the techno-politics of media activism. This book approaches remix studies from various angles, including sections on history, aes- thetics, ethics, politics, and practice, and presents theoretical chapters alongside case studies of remix projects. The Routledge Companion to Remix Studies is a valuable resource for both researchers and remix practitioners, as well as a teaching tool for instructors using remix practices in the classroom. Eduardo Navas is the author of Remix Theory: The Aesthetics of Sampling (Springer, 2012). He researches and teaches principles of cultural analytics and digital humanities in the School of Visual Arts at The Pennsylvania State University, PA. Navas is a 2010–12 Post- Doctoral Fellow in the Department of Information Science and Media Studies at the University of Bergen, Norway, and received his PhD from the Program of Art and Media History, Theory, and Criticism at the University of California in San Diego. Owen Gallagher received his PhD in Visual Culture from the National College of Art and Design (NCAD) in Dublin. He is the founder of TotalRecut.com, an online com- munity archive of remix videos, and a co-founder of the Remix Theory & Praxis seminar group. -
Consumer Choice: Rhetoric and Reality
2 CONSUMER CHOICE: RHETORIC AND REALITY The figure of the consumer occupies a prominent place in contemporary social life, economic analysis, and political rhetoric. Within economic analysis consumption has long been presented as the end or point of pro- duction and the interest of the consumer promoted as taking precedence over that of the producer (Smith 1976[1776]). As J.K. Galbraith noted, within ‘virtually all economic analysis and instruction, the initiative is assumed to lie with the consumer’ (1969: 216). The growth in productive capacity that accompanied the development of industrial capitalist econo- mies in the late nineteenth century and through the twentieth century led to understandable concern being expressed about the need to gen- erate effective consumer demand for the rapidly increasing range and volume of goods and services becoming available. As productive capac- ity increased and consumer culture grew in intensity and reach, within economic analysis and political rhetoric, increasing reference began to be made to the importance of the consumer being able to exercise choice and pursue his or her interest in and through the market. ECONOMIC AN A LYSIS A ND TH E SOV E R E IGN CONSUM E R SUBJ E C T In some formulations within economics the consumer has been repre- sented as ‘sovereign’. The notion of consumer ‘sovereignty’, drawn from the political realm, was employed initially within neo-classical economics but returned to prominence late in the twentieth century in neo-liberal CONSUMER CHOICE: RHETORIC AND REALITY 31 economic and political thought when renewed emphasis was placed on the importance of adhering to free market principles and keeping state intervention to a minimum (Harvey, 2005: 20–2).