http://organizationsandmarkets.com/2007/05/15/paul-david-on-path-dependence/ Economics of organizations, strategy, entrepreneurship, innovation, and more Sun, 27 Jul 2008 02:34:52 +0000 http://wordpress.org/?v=MU http://organizationsandmarkets.com/2007/05/15/paul-david-on-path-dependence/#comment-69444 TRUTH ON THE MARKET » Is Britney the QWERTY Keyboard of Pop Culture? Wed, 06 Feb 2008 15:48:03 +0000 http://organizationsandmarkets.com/2007/05/15/paul-david-on-path-dependence/#comment-69444 [...] Peter Klein analyzes this a bit further. Some nice points. (Be sure to check out the link to Paul David on Path Dependence.) Peter also notes that there’s a Wikipedia entry, Famous for Bring Famous, that gets at the [...] [...] Peter Klein analyzes this a bit further. Some nice points. (Be sure to check out the link to Paul David on Path Dependence.) Peter also notes that there’s a Wikipedia entry, Famous for Bring Famous, that gets at the [...]

]]> http://organizationsandmarkets.com/2007/05/15/paul-david-on-path-dependence/#comment-23292 spostrel Thu, 17 May 2007 23:33:16 +0000 http://organizationsandmarkets.com/2007/05/15/paul-david-on-path-dependence/#comment-23292 The odd thing about the path dependence story is that in formal models like those of Arthur or Farrell and Saloner, you need very specific conditions on initial benefits and the network-sensitivity of benefits to get the lock-in of inferior technology. No one ever checks if any of the empirical cases adduced as examples meet those specific assumptions, which are not particularly plausible as general conditions. The odd thing about the path dependence story is that in formal models like those of Arthur or Farrell and Saloner, you need very specific conditions on initial benefits and the network-sensitivity of benefits to get the lock-in of inferior technology. No one ever checks if any of the empirical cases adduced as examples meet those specific assumptions, which are not particularly plausible as general conditions.

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