The path dependence of path dependence?
In: Critical policy studies, Band 3, Heft 1, S. 68-69
ISSN: 1946-018X
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In: Critical policy studies, Band 3, Heft 1, S. 68-69
ISSN: 1946-018X
In: Quarterly journal of political science: QJPS, Band 1, Heft 1, S. 87-115
ISSN: 1554-0634
In: Political analysis: PA ; the official journal of the Society for Political Methodology and the Political Methodology Section of the American Political Science Association, Band 20, Heft 2, S. 146-156
ISSN: 1476-4989
In this article, we define a class of revised path—dependent processes and characterize their basic properties. A process exhibits revised-path dependence if the current outcome can revise the value of a past outcome. A revision could be a change to that outcome or a reinterpretation. We first define a revised path—dependent process called the accumulation process: in each period, a randomly chosen past outcome is changed to match the current outcome and show that it converges to identical outcomes. We then construct a general class of models that includes the Bernoulli process, the Polya process, and the accumulation process as special cases. For this general class, we show that, apart from knife-edge cases, all processes converge either to homogeneous equilibria or to an equal probability distribution over types. We also show that if random draws advantage one outcome over the other, then the process has a unique equilibrium.
In: Economics Bulletin 32 (2): 1091-1098
SSRN
In: Routledge studies in the European economy 15
In: Political analysis: official journal of the Society for Political Methodology, the Political Methodology Section of the American Political Science Association, Band 20, Heft 2, S. 146-146
ISSN: 1047-1987
SSRN
Working paper
SSRN
Working paper
In: Elgar research reviews in economics
In: Edward Elgar E-Book Archive
Since their first emergence in the work of Paul David thirty years ago, the dual issues of Path Dependence and Lock-In have become critically important subjects in the fields of economics, sociology, and business strategy. Theoretical and public policy debates on these issues have arisen, addressing whether markets consistently choose the best products. This collection presents each side of the debate, bringing together key publications that initiated this literature with the later works that criticize or defend many of the early claims. Both the theoretical and empirical foundations of Path Dependence and Lock-In are examined along with the role of network effects. An original introduction by the editors is included to situate each article in its wider context
In: Theory and society: renewal and critique in social theory, Band 29, Heft 4, S. 507-548
ISSN: 0304-2421
In: LEA's organization and management series
In: Papers on economics & evolution 9306
In: Capitalist Diversity and Change, S. 74-100
In: Polity, Band 40, Heft 4, S. 551-556
ISSN: 1744-1684
In: Polity: the journal of the Northeastern Political Science Association, Band 40, Heft 4, S. 551
ISSN: 0032-3497