Increasing Returns and Path Dependence in the Economy

Increasing Returns and Path Dependence in the Economy

by W. Brian Arthur
     
 

ISBN-10: 0472064967

ISBN-13: 9780472064960

Pub. Date: 12/15/1994

Publisher: University of Michigan Press

Pioneering work on an important new approach to economics.
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Overview

Pioneering work on an important new approach to economics.

Product Details

ISBN-13:
9780472064960
Publisher:
University of Michigan Press
Publication date:
12/15/1994
Series:
Economics, Cognition, and Society
Edition description:
New Edition
Pages:
224
Product dimensions:
6.10(w) x 9.20(h) x 1.00(d)

Table of Contents

Foreword
Preface
Acknowledgments
1Positive Feedbacks in the Economy1
2Competing Technologies, Increasing Returns, and Lock-In by Historical Small Events13
3Path-Dependent Processes and the Emergence of Macrostructure33
4Industry Location Patterns and the Importance of History49
5Information Contagion69
6Urban Systems and Historical Path Dependence99
7Self-Reinforcing Mechanisms in Economics111
8Path Dependence, Self-Reinforcement, and Human Learning133
9Strategic Pricing in Markets with Increasing Returns159
10Strong Laws for a Class of Path-Dependent Stochastic Processes185

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