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Path Dependence and Lock-In

Editor

Listed:
  • Stan J. Liebowitz
  • Stephen E. Margolis

Abstract

Since their first emergence in the work of Paul David thirty years ago, the dual issues of Path Dependence and Lock-In have become critically important subjects in the fields of economics, sociology, and business strategy. Theoretical and public policy debates on these issues have arisen, addressing whether markets consistently choose the best products. This collection presents each side of the debate, bringing together key publications that initiated this literature with the later works that criticize or defend many of the early claims. Both the theoretical and empirical foundations of Path Dependence and Lock-In are examined along with the role of network effects. An original introduction by the editors is included to situate each article in its wider context.

Suggested Citation

  • Stan J. Liebowitz & Stephen E. Margolis (ed.), 2014. "Path Dependence and Lock-In," Books, Edward Elgar Publishing, number 15350.
    • Handle: RePEc:elg:eebook:15350
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    File URL: http://www.e-elgar.com/shop/isbn/9781782545545
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    Citations

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    Cited by:

    1. Messono, Omang & Asongu, Simplice, 2021. "Historical Prevalence of Infectious Diseases and Entrepreneurship: the Role of Institutions in 125 Countries," MPRA Paper 111842, University Library of Munich, Germany.
    2. Frolov, Daniil, 2019. "From institutions to extitutions to the post-institutional theory of institutional anomalies," MPRA Paper 95960, University Library of Munich, Germany, revised 10 Sep 2019.
    3. James Boyer, 2020. "Toward an Evolutionary and Sustainability Perspective of the Innovation Ecosystem: Revisiting the Panarchy Model," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
    4. Kevin J. Boudreau, 2021. "Promoting Platform Takeoff and Self-Fulfilling Expectations: Field Experimental Evidence," Management Science, INFORMS, vol. 67(9), pages 5953-5967, September.

    More about this item

    Keywords

    Economics and Finance; Innovations and Technology;

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

    Statistics

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