Corpus ID: 14916658

Essay Path Dependence

  title={Essay Path Dependence},
  author={S. Page and Aaron Bramson and J. Bednar and Anna M. Grzymała-Busse and J. Hacker},
  • S. Page, Aaron Bramson, +2 authors J. Hacker
  • Published 2005
  • The concept of path dependence originated as an idea that a small initial advantage or a few minor random shocks along the way could alter the course of history (David 1985). Like many ideas, it has grown in scope and now encompasses almost any process in which someone can find or claim evidence of increasing returns, which are thought to be the causes of path dependence (Arthur 1994, Pierson 2000). This wider application of path dependence has dulled its value. In becoming a trendy way to say… CONTINUE READING

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