Increasing Returns and Path Dependence in the Economy

Copertina anteriore
University of Michigan Press, 1994 - 201 pagine
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This book brings together Professor Arthurs pioneering article and provide a comprehensive presentation of his exciting vision of an economics that incorporates increasing returns. After a decade of resistance from economists, these ideas are now being widely discussed and adopted, as Kenneth Arrow recounts in his foreword. In fundamental ways they are changing our views of the working economy.
 

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Sommario

Positive Feedbacks in the Economy
1
Competing Technologies Increasing Returns and LockIn by Historical Small Events
13
PathDependent Processes and the Emergence of Macrostructure
33
Industry Location Patterns and the Importance of History
49
Information Contagion
69
Urban Systems and Historical Path Dependence
99
SelfReinforcing Mechanisms in Economics
111
Path Dependence SelfReinforcement and Human Learning
133
Strategic Pricing in Markets with Increasing Returns
159
Strong Laws for a Class of PathDependent Stochastic Processes
185
Copyright

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