publication . Article . Part of book or chapter of book . Preprint . 2015

Path Dependency

B. Bengtsson;
Open Access
  • Published: 01 Sep 2015 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
Abstract
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 discussed. Finally, a typology of dynamical systems is developed to clarify these relationships.
Subjects
free text keywords: Path dependency, cumulative causation, lock in, hysteresis, equilibrium, fundamental uncertainty, resilience, jel:B41, jel:C65
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Part of book or chapter of book . 2012
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Part of book or chapter of book . 2012
Provider: Crossref
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