IDEAS home Printed from https://ideas.repec.org/a/che/chepap/v18y2006i1p19-24.html
   My bibliography  Save this article

History Matters: Modelling Path Dependence on a Spreadsheet

Author

Listed:
  • Chris Hand

    (Kingston University)

Abstract

This paper explores methods of simulating Polya Urn Models using a spreadsheet. The Polya Urn model provides a statistical model of path dependent behaviour where the final equilibrium is determined by random chance or historical accident.

Suggested Citation

  • Chris Hand, 2006. "History Matters: Modelling Path Dependence on a Spreadsheet," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 18(1), pages 19-24.
    • Handle: RePEc:che:chepap:v:18:y:2006:i:1:p:19-24
    as

    Download full text from publisher

    File URL: https://www.economicsnetwork.ac.uk/cheer/ch18/hand.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kindleberger, Charles P, 1983. "Standards as Public, Collective and Private Goods," Kyklos, Wiley Blackwell, vol. 36(3), pages 377-396.
    2. De Vany, Arthur & Walls, W David, 1996. "Bose-Einstein Dynamics and Adaptive Contracting in the Motion Picture Industry," Economic Journal, Royal Economic Society, vol. 106(439), pages 1493-1514, November.
    3. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-337, May.
    4. 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.
    5. Charles P. Kindleberger, 1983. "Standards as Public, Collective and Private Goods," Kyklos, Wiley Blackwell, vol. 36(3), pages 377-396, August.
    6. Bottazzi, Giulio & Secchi, Angelo, 2003. "Why are distributions of firm growth rates tent-shaped?," Economics Letters, Elsevier, vol. 80(3), pages 415-420, September.
    7. Cowan, Robin, 1990. "Nuclear Power Reactors: A Study in Technological Lock-in," The Journal of Economic History, Cambridge University Press, vol. 50(3), pages 541-567, September.
    8. Peter Hans Matthews, 2001. "Positive Feedback and Path Dependence Using the Law of Large Numbers," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(2), pages 124-136, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tanner, Andrew M. & Johnston, Alison L., 2017. "The Impact of Rural Electric Access on Deforestation Rates," World Development, Elsevier, vol. 94(C), pages 174-185.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David, Paul A. & Rothwell, Geoffrey S., 1996. "Standardization, diversity and learning: Strategies for the coevolution of technology and industrial capacity," International Journal of Industrial Organization, Elsevier, vol. 14(2), pages 181-201.
    2. Carrillo-Hermosilla, Javier, 2006. "A policy approach to the environmental impacts of technological lock-in," Ecological Economics, Elsevier, vol. 58(4), pages 717-742, July.
    3. Ian Macinnes, 1994. "A Model For Standard Setting: High Definition Television," Contemporary Economic Policy, Western Economic Association International, vol. 12(4), pages 67-78, October.
    4. Jussi Heikkilä & Timo Ali-Vehmas & Julius Rissanen, 2021. "The Link Between Standardization and Economic Growth: A Bibliometric Analysis," International Journal of Standardization Research (IJSR), IGI Global, vol. 19(1), pages 1-25, January.
    5. Bulat Sanditov, 2004. "ICT Revolution, Globalization and Informational Lock-in," Working Papers geewp39, Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    6. Bergeaud Antonin & Schmidt Julia & Zago Riccardo, 2022. "Patents that Match your Standards: Firm-level Evidence on Competition and Growth," Working papers 876, Banque de France.
    7. P.J. Lamberson & Scott E. Page, 2018. "First mover or higher quality? Optimal product strategy in markets with positive feedbacks," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 27(1), pages 40-52, March.
    8. Uwe Cantner & Simone Vannuccini, 2017. "Innovation and lock-in," Chapters, in: Harald Bathelt & Patrick Cohendet & Sebastian Henn & Laurent Simon (ed.), The Elgar Companion to Innovation and Knowledge Creation, chapter 11, pages 165-181, Edward Elgar Publishing.
    9. Takahashi, Takuma & Namiki, Fujio, 2003. "Three attempts at "de-Wintelization": Japan's TRON project, the US government's suits against Wintel, and the entry of Java and Linux," Research Policy, Elsevier, vol. 32(9), pages 1589-1606, October.
    10. Antonin Bergeaud & Julia Schmidt & Riccardo Zago, 2022. "Patents that match your standards: firm-level evidence on competition and innovation," CEP Discussion Papers dp1881, Centre for Economic Performance, LSE.
    11. Schmidt, Julia & Steingress, Walter, 2022. "No double standards: Quantifying the impact of standard harmonization on trade," Journal of International Economics, Elsevier, vol. 137(C).
    12. Michael L. Katz & Carl Shapiro, 1994. "Systems Competition and Network Effects," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 93-115, Spring.
    13. Hottenrott, Moritz & Thorwarth, Susanne & Wey, Christian, 2016. "Gegenstandsbereiche der Normung," DICE Ordnungspolitische Perspektiven 83, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    14. David Lazer, 2005. "Regulatory Capitalism as a Networked Order: The International System as an Informational Network," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 52-66, March.
    15. Ho, Jae-Yun & O'Sullivan, Eoin, 2017. "Strategic standardisation of smart systems: A roadmapping process in support of innovation," Technological Forecasting and Social Change, Elsevier, vol. 115(C), pages 301-312.
    16. Tschoegl, Adrian E., 2010. "The international diffusion of an innovation: The spread of decimal currency," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 100-109, January.
    17. Velkar, Aashish, 2007. "Accurate measurements and design standards: consistency of design and the travel of 'facts' between heterogeneous groups," Economic History Working Papers 22518, London School of Economics and Political Science, Department of Economic History.
    18. Kim, Dong-hyu, 2022. "Effects of catch-up and incumbent firms’ SEP strategic manoeuvres," Research Policy, Elsevier, vol. 51(5).
    19. Ben Klemens, 2013. "A Peer-based Model of Fat-tailed Outcomes," Papers 1304.0718, arXiv.org.
    20. Derek Lemoine, 2024. "Innovation-Led Transitions in Energy Supply," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(1), pages 29-65, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:che:chepap:v:18:y:2006:i:1:p:19-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Poulter (email available below). General contact details of provider: https://www.economicsnetwork.ac.uk/cheer .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.