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The Grip of History and the Scope for Novelty: Some Results and Open Questions on Path Dependence in Economic Processes

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Carolina Castaldi
Giovanni Dosi

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Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 2003/02.

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Date of creation: 04 Dec 2003
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Handle: RePEc:ssa:lemwps:2003/02

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Keywords: Path dependence; irreversibility; increasing returns; learning; lock-in.;

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  1. Benhabib, Jess & Farmer, Roger E.A., 1999. "Indeterminacy and sunspots in macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 6, pages 387-448 Elsevier. [Downloadable!] (restricted)
  2. Andrea Bassanini & Giovanni Dosi, 1999. "Heterogenous Agents, Complementaries, and Diffusion. Do Increasing Returns Imply Convergence to International Technological Monopolies?," LEM Papers Series 1999/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  3. Winter, Sidney G, 1971. "Satisficing, Selection, and the Innovating Remnant," The Quarterly Journal of Economics, MIT Press, vol. 85(2), pages 237-61, May. [Downloadable!] (restricted)
  4. Liebowitz, S J & Margolis, Stephen E, 1995. "Path Dependence, Lock-in, and History," Journal of Law, Economics and Organization, Oxford University Press, vol. 11(1), pages 205-26, April.
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  5. Durlauf, Steven N, 1993. "Nonergodic Economic Growth," Review of Economic Studies, Blackwell Publishing, vol. 60(2), pages 349-66, April. [Downloadable!] (restricted)
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  6. Winter, S. G. & Kaniovski, Y. M. & Dosi, G., 2000. "Modeling industrial dynamics with innovative entrants," Structural Change and Economic Dynamics, Elsevier, vol. 11(3), pages 255-293, September. [Downloadable!] (restricted)
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  7. Cohen, Michael D, et al, 1996. "Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues," Industrial and Corporate Change, Oxford University Press, vol. 5(3), pages 653-98.
  8. repec:att:wimass:199520 is not listed on IDEAS
  9. Andrea Bassanini & Giovanni Dosi, 1999. "Competing Technologies, Technological Monopolies and the Rate of Convergence to a Stable Market Structure," Working Papers halshs-00185579_v1, HAL. [Downloadable!]
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  10. Banerjee, Abhijit V, 1992. "A Simple Model of Herd Behavior," The Quarterly Journal of Economics, MIT Press, vol. 107(3), pages 797-817, August. [Downloadable!] (restricted)
  11. Giovanni Dosi & Luigi Marengo & Giorgio Fagiolo, 1996. "Learning in evolutionary environment," CEEL Working Papers 9605, Computable and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia. [Downloadable!]
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  12. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-37, May. [Downloadable!] (restricted)
  13. Cooper, Russell & John, Andrew, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 441-63, August. [Downloadable!] (restricted)
  14. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June. [Downloadable!]
  15. David, Paul A., 1994. "Why are institutions the 'carriers of history'?: Path dependence and the evolution of conventions, organizations and institutions," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 205-220, December. [Downloadable!] (restricted)
  16. Dosi, G & Kaniovski, Y, 1994. "On "Badly Behaved" Dynamics: Some Applications of Generalized Urn Schemes to Technological and Economic Change," Journal of Evolutionary Economics, Springer, vol. 4(2), pages 93-123, June.
  17. Ashish Arora & Andrea Fosfuri & Alfonso Gambardella, 2004. "Markets for Technology: The Economics of Innovation and Corporate Strategy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511819.
  18. Hahn, F H, 1987. "Information, Dynamics and Equilibrium," Scottish Journal of Political Economy, Scottish Economic Society, vol. 34(4), pages 321-34, November.
  19. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99, June. [Downloadable!] (restricted)
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  20. Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-71, September. [Downloadable!] (restricted)
  21. Sydney Winter & Giovanni Dosi, 2000. "Interpreting Economic Change: Evolution, Structures and Games," LEM Papers Series 2000/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  22. Giovanni Dosi & Luigi Orsenigo & Mauro Sylos Labini, 2002. "Technology and the Economy," LEM Papers Series 2002/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  23. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 31-54, January. [Downloadable!] (restricted)
  24. Kuran, Timur, 1987. "Preference Falsification, Policy Continuity and Collective Conservatism," Economic Journal, Royal Economic Society, vol. 97(387), pages 642-65, September. [Downloadable!] (restricted)
  25. G. Dosi & G. Fagiolo, 1997. "Exploring the Unknown on Entrepreneurship, Coordination and Innovation Driven Growth," Working Papers ir97077, International Institute for Applied Systems Analysis. [Downloadable!]
  26. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October. [Downloadable!] (restricted)
  27. Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April. [Downloadable!] (restricted)
  28. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215.
  29. Blake LeBaron, 1994. "Chaos and Nonlinear Forecastability in Economics and Finance," Finance 9411001, EconWPA. [Downloadable!]
  30. Paul A. David, . "Path Dependence, its critics, and the quest for 'historical economics'," Working Papers 00011, Stanford University, Department of Economics. [Downloadable!]
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  31. Andrea Bassanini & Giovanni Dosi, 1999. "When and How Chance and Human Will Can Twist the Arms of Clio," LEM Papers Series 1999/05, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy. [Downloadable!]
  32. Kelsey, David, 1988. "The Economics of Chaos or the Chaos of Economics," Oxford Economic Papers, Oxford University Press, vol. 40(1), pages 1-31, March. [Downloadable!] (restricted)
  33. Schelling, Thomas C, 1969. "Models of Segregation," American Economic Review, American Economic Association, vol. 59(2), pages 488-93, May. [Downloadable!] (restricted)
  34. Dosi, Giovanni, 1997. "Opportunities, Incentives and the Collective Patterns of Technological Change," Economic Journal, Royal Economic Society, vol. 107(444), pages 1530-47, September. [Downloadable!] (restricted)
  35. Liebowitz, S J & Margolis, Stephen E, 1990. "The Fable of the Keys," Journal of Law & Economics, University of Chicago Press, vol. 33(1), pages 1-25, April.
  36. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542. [Downloadable!]
  37. Herrendorf, Berthold & Valentinyi, Akos & Waldmann, Robert, 2000. "Ruling Out Multiplicity and Indeterminacy: The Role of Heterogeneity," Review of Economic Studies, Blackwell Publishing, vol. 67(2), pages 295-307, April.
  38. Michael D. Cohen & Roger Burkhart & Giovanni Dosi & Massimo Egidi & Luigi Marengo & Massimo Warglien & Sidney Winter & with comments by Benjamin Coriat, 1995. "Routines and Other Recurring Action Patterns of Organizations: Contemporary Research Issues," Working Papers 95-11-101, Santa Fe Institute.
  39. Atkinson, Anthony B & Stiglitz, Joseph E, 1969. "A New View of Technological Change," Economic Journal, Royal Economic Society, vol. 79(315), pages 573-78, September. [Downloadable!] (restricted)
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  1. Davide Consoli & Ronnie Ramlogan, 2008. "Out of sight: problem sequences and epistemic boundaries of medical know-how on glaucoma," Journal of Evolutionary Economics, Springer, vol. 18(1), pages 31-56, February. [Downloadable!] (restricted)
  2. Castaldi, C. & Nuvolari, A., 2003. "Technological Revolutions and Economic Growth:The “Age of Steam” Reconsidered," ECIS Working Papers 03.25, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
    Other versions:
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