Construct · 1 fields · 1 citations

technological lock-in: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
technologicallock-in1 CONSTRUCTTechnological lock-inARTHUR · ECONOMIC HISTORY

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economic history

the process by which small chance events give one technology an early lead that increasing returns then make permanent, even if inferior.

In economic history, technological lock-in refers to the process by which small chance events give one technology an early lead that increasing returns then make permanent, even if inferior. This meaning comes from Arthur (1989) in The Economic Journal.[1]

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Nearby constructs

path dependence4 names · 5 citationsjangle · one name across four fieldspreferential attachment3 names · 3 citationsjangle · one mechanism, three nameschance4 fields · 6 citationsjingle · one word, four constructs

References

  1. Arthur, W. B. (1989). Competing Technologies, Increasing Returns, and Lock-In by Historical Events. The Economic Journal, 99(394), 116. https://doi.org/10.2307/2234208

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