This paper analyzes innovation in perspective of system and network and offers a full-scale view of innovation holistically and connectedly. Fundamental elements, conditions and steps of innovation are discussed according to system organization theory. The function of innovation is to help solve the demanders' problem and the value of it is the rate between function and expense. The optimal price is derived by a competitive game deduced from system analysis. And then biform game is introduced to describe cooperation and competition relations among innovation network. This paper provides a qualitative and quantitative analysis framework to analyze innovation process and offers pondering frame of enterprises' innovation strategy decision.
This paper analyzes the household owning/renting house behavior and transitions between home owners and renters during and before the financial crisis, including an extension analysis for the time period of 2009-2011. I found some different household behaviors between before the financial crisis and during the financial crisis. Education level, age, employment status, household income, and household wealth level have significant effects on the household owning/renting house and/or transitions between home owners and renters. Two mortgage distress indexes are built in this paper, and the empirical results indicate a significant effect of mortgage distress on the transition from home owner to renter in the period of 2009-2011.
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