Increasing Returns and Path Dependence in the EconomyThis 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 |
Altre edizioni - Visualizza tutto
Increasing Returns and Path Dependence in the Economy W. Brian Arthur,External Professor W Brian Arthur Anteprima limitata - 1994 |
Parole e frasi comuni
action added adoption advantage agents agglomeration algorithm allocation allow alternative Arthur assume attractive balls become behavior bounded cause chance choice choose chosen competing Consider constant continuous converge costs depends determine discount distribution domination dynamics early economic effects emerge equal equilibrium example exists expected experiments explore firms fixed points follows function gain given historical human increasing returns industry initial lead learning Lemma less limit locational lock market share mechanisms multiple Network Externalities observer occur optimal outcome parameters particular path path-dependent pattern payoff Policy Polya positive possible potential preferences present probability problem Proof proportions purchasers random region result sampling selected self-reinforcing sequence settle solution standard Stanford stochastic strong law structure sufficient Suppose tend Theorem theory tion unit University urn function vector zero
Riferimenti a questo libro
The Spatial Economy: Cities, Regions, and International Trade Masahisa Fujita,Paul R. Krugman,Anthony Venables Anteprima limitata - 1999 |
The Associational Economy: Firms, Regions, and Innovation Philip N. Cooke,Kevin Morgan Anteprima non disponibile - 1998 |
Informazioni bibliografiche
| Titolo | Increasing Returns and Path Dependence in the Economy Book collections on Project MUSE Economics, cognition, and society Increasing Returns and Path Dependence in the Economy, W. Brian Arthur UPCC book collections on Project MUSE.: Archive Political Science and Policy Studies Foundation |
| Autore | W. Brian Arthur |
| Editore | University of Michigan Press, 1994 |
| ISBN | 0472022407, 9780472022403 |
| Lunghezza | 201 pagine |
| Esporta citazione | BiBTeX EndNote RefMan |