Increasing Returns and Path Dependence in the Economy

Contets

Contents Foreword ix Preface xi Acknowledgments xxi 1. Positive Feedbacks in the Economy 2. Competing Technologies, Increasing Returns, and Lock-In by Historical Small Events 13 3. Path-Dependent Processes and the Emergence of Macrostructure W Brian Arthur, Yuri M. Ermoliev, and Yuri M. Kaniovski 33 4. Industry Location Patterns and the Importance of History 49 5. Information Contagion W Brian Arthur and David A. Lane 69 6. Urban Systems and Historical Path Dependence 99 7. Self-Reinforcing Mechanisms in Economics 111 8. Path Dependence, Self-Reinforcement, and Human Learning 133 9. Strategic Pricing in Markets with Increasing Returns W. Brian Arthur and Andrzej Ruszczynski 159 10. Strong Laws for a Class of Path-Dependent Stochastic Processes W Brian Arthur, Yuri M. Ermoliev, and Yuri M. Kaniovski 185 ...