2011/12 | LEM Working Paper Series | |
Path dependence in technologies and organizations: a concise guide |
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Carolina Castaldi, Giovanni Dosi, Evita Paraskevopoulou |
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Keywords | ||
Path dependence, lock-in, dynamic increasing returns, organizational inertia
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JEL Classifications: D50, D80, G11, G12 | ||
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Abstract | ||
The note on which an entry for the Palgrave Encyclopedia of Strategic
Management will draw offers a beginner's guide to path dependency in
technologies and organizations. We address the very meaning of the
concept and its centrality in various aspects of economic analysis. We
outline the various levels of the ecomic system in which it is
observable, its sources, concequences and different formal
representations of path dependent processes.
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