Path Dependency

Preprint OPEN
Mark Setterfield;
(2015)
  • Subject: Path dependency, cumulative causation, lock in, hysteresis, equilibrium, fundamental uncertainty, resilience
    • jel: jel:C65 | jel:B41

Path dependency is defined, and three different specific concepts of path dependency – cumulative causation, lock in, and hysteresis – are analyzed. The relationships between path dependency and equilibrium, and path dependency and fundamental uncertainty are also discu... View more
  • References (22)
    22 references, page 1 of 3

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