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Revised-Path Dependence

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  • Bednar, Jenna
  • Page, Scott E.
  • Toole, Jameson L.

Abstract

In this article, we define a class of revised path—dependent processes and characterize their basic properties. A process exhibits revised-path dependence if the current outcome can revise the value of a past outcome. A revision could be a change to that outcome or a reinterpretation. We first define a revised path—dependent process called the accumulation process: in each period, a randomly chosen past outcome is changed to match the current outcome and show that it converges to identical outcomes. We then construct a general class of models that includes the Bernoulli process, the Polya process, and the accumulation process as special cases. For this general class, we show that, apart from knife-edge cases, all processes converge either to homogeneous equilibria or to an equal probability distribution over types. We also show that if random draws advantage one outcome over the other, then the process has a unique equilibrium.

Suggested Citation

  • Bednar, Jenna & Page, Scott E. & Toole, Jameson L., 2012. "Revised-Path Dependence," Political Analysis, Cambridge University Press, vol. 20(2), pages 146-156, April.
    • Handle: RePEc:cup:polals:v:20:y:2012:i:02:p:146-156_01
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    Cited by:

    1. Tubadji, Annie & Nijkamp, Peter, 2016. "Impact of Intangible Cultural Capital on Regional Economic Development: A Study on Culture-Based Development in Greece," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 46(1).
    2. Federico Pablo-Martí & Ángel Alañón-Pardo & Angel Sánchez, 2021. "Complex networks to understand the past: the case of roads in Bourbon Spain," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 15(3), pages 477-534, September.
    3. Tracy Xiao Liu & Jenna Bednar & Yan Chen & Scott Page, 2019. "Directional behavioral spillover and cognitive load effects in multiple repeated games," Experimental Economics, Springer;Economic Science Association, vol. 22(3), pages 705-734, September.
    4. Leonhard Dobusch & Elke Schüßler, 2013. "Theorizing path dependence: a review of positive feedback mechanisms in technology markets, regional clusters, and organizations," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(3), pages 617-647, June.
    5. Bednar, Jenna & Jones-Rooy, Andrea & Page, Scott E., 2015. "Choosing a future based on the past: Institutions, behavior, and path dependence," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 312-332.
    6. Thomas Rixen & Lora Anne Viola, 2015. "Putting path dependence in its place: toward a Taxonomy of institutional change," Journal of Theoretical Politics, , vol. 27(2), pages 301-323, April.

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