2011/12 LEM Working Paper Series

Path dependence in technologies and organizations: a concise guide

Carolina Castaldi, Giovanni Dosi, Evita Paraskevopoulou
Path dependence, lock-in, dynamic increasing returns, organizational inertia

  JEL Classifications: D50, D80, G11, G12

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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