Path Dependence Lock In And History Pdf

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The increasing extent and impact of human activities is causing habitat and biodiversity loss, land degradation, environmental pollution, and the depletion of many natural resources Dirzo and Raven , Steffen et al. Therefore, the need to facilitate the transition toward sustainability has been extensively advocated by the policy making and scientific communities see, e. In general, successful sustainability transitions require a sound understanding of the governance, the policy, and the institutional architecture needed for both the process of change and the target outcome Loorbach and Rotmans , Olsson et al.

Self-Reinforcing Processes in and among Organizations pp Cite as. The purpose of this chapter is to direct attention to situations that instigate unlocking a path by spotlighting strategic and organizational contexts. It draws on three empirical examples. In the second and third, the focus is on history as continuously re-presented and re-constructed through the actions taken by individual organizational members.

Path dependence

By following a new approach proposed by Cognitive and Neuroeconomics, this paper presents and extends that part of Hayek's theory concerning knowledge in path-dependent terms, and shows that this is a fertile theory, opening new lines of inquiry for contemporary economics.

In his theory of knowledge Hayek shows that the dynamics of economic change is path-dependent, in a different and more profound way than in the rest of the path-dependent literature.

This literature deals with an important controversy, which will be also discussed and its specific and original meaning will be highlighted. As it will emerge, knowledge as a path-dependent process is consistent with cognitive theories of perception and learning and it plays a more important role than is traditionally assumed.

Path-dependence is in fact always present in the cognitive dimension of perception and in individual decision-making processes, as well as in the processes of organizational innovation, and even in the macro-dimension of institutional change. This is a preview of subscription content, access via your institution.

Rent this article via DeepDyve. Antonelli, Cristiano. Dynamic structuralism and path-dependence: industrial economics in Italy. Revue d' Economie Industrielle 65— Google Scholar. The economics of path-dependence in industrial organization. International Journal of Industrial Organization — The microdynamics of technological change. Routledge, London. Arthur, Brian W. Self-reinforcing mechanism in economics.

Anderson, K. Pines ed. The Economics as an Evolving Complex System. Reading, Massachusetts. Competing technologies, increasing returns, and lock-in by historical events. Economic Journal — Increasing returns and path dependence in the economy. Axelrod, Robert. The evolution of cooperation. Basic Books, New York. Boettke, Peter J. L' economia, la politica e il segno della storia. Nuova Economia e Storia 3: — Where did economics go wrong? Modern economics as a. Critical Review 11— Burczak, Theodore A.

The postmodern moments of F. Hayek 's economics. Economics and Philosophy 31— Calissano, Pietro. Mente ed evoluzione. Garzanti, Milan. Camerer, Colin F. Progress in behavioural game theory. Journal of Economic Perspectives 1: — Choo, Chun W. The knowing organization.

Oxford University Press, Oxford. Chorvat, Terrence. Law and neuroeconomics. Law and Eco-nomics Working Paper Series 04— Cohen, Michael D. Absorptive capacity: a new perspective on learning and innovation.

Administrative Science Quarterly — Colombatto, Enrico. Towards a non-Darwinian theory of institutional change. Journal of Bioeco-nomics 5: 1— Cusumano, Michael A. Strategic manoeuvering and mass-market dynamics: the triumph of VHS over Beta. Business History Review 51— Damasio, Antonio R. Descartes' error, emotion, reason and the human brain. Picador, London. David, Paul. American Economic Review — Path-dependence: putting the past into the future of economics.

Technical Report No. The Economic Series. Institute for Mathematical Studies in the Social Sciences. Stanford University Press, Stanford. Discussion Paper in Economic and Social History. University of Oxford, Oxford. Dosi, Giovanni. Opportunities incentives and the collective patterns of technical change. Eco-nomic Journal — On some notions of irreversibility in economics. Metcalfe ed. Evolutionary Theories of Economic and Technological Change.

Harwood Press, London. Droz, Remy. Apprendimento in enciclopedia, vol. Einaudi, Torino. The emergence of path dependent behaviors in coopera-tive contexts. Cognitive economics, two volumes.

Edward Elgar, Chelten-ham. Predicting how people play games: reinforcement learning in experimen-tal games with unique mixed strategy equilibria. Coordination, 'magic' and reinforcement learning in a market entry game.

Games and Economic Behavior — Evans, Richard I. Jean Piaget, the man and his ideas. Dutton, New York. Frydman, Roman. Towards an understanding of market processes: individual expectations, learn-ing, and convergence to rational expectations equilibrium. The theory of learning in games.

MIT Press, Cambridge. Evolution and path dependence in economic ideas: past and present. Edward Elgar, Cheltenham. Path-dependence and creation. Lawrence Earlbaum Associ-ates. Glimcher Paul. Decisions, uncertainty, and the brain: the science of neuroeconomics.

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By following a new approach proposed by Cognitive and Neuroeconomics, this paper presents and extends that part of Hayek's theory concerning knowledge in path-dependent terms, and shows that this is a fertile theory, opening new lines of inquiry for contemporary economics. In his theory of knowledge Hayek shows that the dynamics of economic change is path-dependent, in a different and more profound way than in the rest of the path-dependent literature. This literature deals with an important controversy, which will be also discussed and its specific and original meaning will be highlighted. As it will emerge, knowledge as a path-dependent process is consistent with cognitive theories of perception and learning and it plays a more important role than is traditionally assumed. Path-dependence is in fact always present in the cognitive dimension of perception and in individual decision-making processes, as well as in the processes of organizational innovation, and even in the macro-dimension of institutional change. This is a preview of subscription content, access via your institution. Rent this article via DeepDyve.

Path dependence is the dependence of economic outcomes on the path of previous outcomes, rather than simply on current conditions. Choices made on the basis of transitory conditions can persist long after those conditions change. Thus, explanations of the outcomes of path-dependent processes require looking at history, rather than simply at current conditions of technology, preferences, and other factors that determine outcomes. Path-dependent features of the economy range from small-scale technical standards to large-scale institutions and patterns of economic development. The case of track gauge is useful for introducing several typical features of path-dependent processes and their outcomes. Indeed, it has been the most common gauge throughout the history of modern railways, since the late s.

Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. To a great degree, cities form around and depend on clusters of industry, so that without doing too much injustice to the question, we can ask whether the patterns of industry location follow paths that depend on history. The German Industry Location School debated this question in the earlier part of this century, but it was never settled conclusively.

Path Dependency

This article looks into the relevance of the so-called path dependence and historical context in contextual political analysis. It analyzes the different meanings and uses of the concept of path dependence in contemporary academic discourse and uses the array of distinct understandings of path dependence as a means of specifying a number of ways in which historical context matters. It also identifies the strengths and weaknesses of different conceptualizations of path dependence and the trade-offs involved in adopting particular definitions of the concept. It discusses the relevant concepts of reactive sequence, self-reproducing sequences, and historical lock-in. Keywords: path dependence , historical context , contextual political analysis , reactive sequence , self-reproducing sequences , historical lock-in.

Knowledge as a Path-Dependence Process

Liebowitz, Stephen E. Oxford University Press is a department of the University of Oxford.

Locking in and Unlocking — Adding to Path Dependence

The explanation of how and why firms succeed or fail is a recurrent research challenge. This is particularly important in the context of technological innovations. Researchers and business managers have tried and are trying to understand why some firms succeed and some fail.

Events can provoke distinct strategic responses from different firms, even when they are part of a GVC. We investigated how both organizational and supply-chain path dependence can influence the capabilities that a firm needs to achieve a higher value-added position in a GVC. We have integrated three branches of theory, covering Global Value Chains, Organizational Capabilities, and Path dependence. We conducted a case study of a large Brazilian shoe firm, analyzing its relationships with buyers in GVCs.

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Locking in and Unlocking — Adding to Path Dependence

What Conditions Give Rise to Path Dependence?

Path dependence is when the decisions presented to people are dependent on previous decisions or experiences made in the past. Path Dependence exists when a feature of the economy institution, technical standard, pattern of economic development etc. In economics and the social sciences , path dependence refers to either the outcomes at a single point in time, or to long-run equilibria of a process. In common usage, the phrase implies either:. In the first usage, A , "history matters" is true in many contexts; everything has causes, and sometimes different causes lead to different outcomes. This can more simply be explained as "the future development of an economic system is affected by the path it has traced out in the past". Positive feedback mechanisms, like bandwagon and network effects, are at the origin of path dependence.

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    PDF | On Apr 1, , S. J. Liebowitz and others published Path Dependence, Lock-In, and History | Find, read and cite all the research you.

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