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Increasing returns and path dependence in the economy / W. Brian Arthur ; with a foreword by Kenneth J. Arrow.
- Format:
- Book
- Author/Creator:
- Arthur, W. Brian.
- Series:
- Economics, cognition, and society.
- Economics, cognition, and society
- Language:
- English
- Subjects (All):
- Economic development--Mathematical models.
- Economic development.
- Economics, Mathematical.
- Economies of scale--Mathematical models.
- Economies of scale.
- Physical Description:
- 1 online resource (225 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Ann Arbor : University of Michigan Press, 1994.
- Language Note:
- English
- Summary:
- Pioneering work on an important new approach to economics.
- Contents:
- Contents ; Foreword ; Preface ; Acknowledgments ; 1. Positive Feed backs in the Economy ; 2. Competing Technologies, Increasing Returns, and Lock-in By Historical Small Events; 3. Path-Dependent Processes and the Emergence of Macrostructure ; 4. Industry Location Patterns and the Importance of History; 5. Information Contagion ; 6. Urban Systems And Historical Path Dependence; 7. Self-Reinforcing Mechanisms in Economics ; 8. Path Dependence, Self-Reinforcement, and Human Learning; 9. Strategic Pricing in Markets with Increasing Returns
- 10. Strong Laws for a Class of Path-Dependent Stochastic Processes
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- ISBN:
- 1-282-42357-6
- 9786612423574
- 0-472-02240-7
- OCLC:
- 593250105
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