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Nuclear Power Reactors: A Study in Technological Lock-in Author info | Abstract | Publisher info | Download info | Related research | Statistics Cowan, Robin
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Recent theory has predicted that if competing technologies operate under dynamic increasing returns, one, possibly inferior, technology will dominate the market. The history of nuclear power technology is used to illustrate these results. Light water is considered inferior to other technologies, yet it dominates the market for power reactors. This is largely due to the early adoption and heavy development by the U.S. Navy of light water for submarine propulsion. When a market for civilian power emerged, light water had a large head start, and by the time other technologies were ready to enter the market, light water was entrenched.
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Article provided by Cambridge University Press in its journal The Journal of Economic History .
Volume (Year): 50 (1990)
Issue (Month): 03 (September)
Pages: 541-567
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Handle: RePEc:cup:jechis:v:50:y:1990:i:03:p:541-567_03Contact details of provider: Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK Fax: +44 (0)1223 325150 Email: Web page: http://journals.cambridge.org/jid_JEH
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