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A behavioral model of path dependency: the economics of profitable inefficiency and market failure

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  • Altman, Morris

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  • Altman, Morris, 2000. "A behavioral model of path dependency: the economics of profitable inefficiency and market failure," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(2), pages 127-145.
    • Handle: RePEc:eee:soceco:v:29:y:2000:i:2:p:127-145
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    1. George A. Akerlof & Janet L. Yellen, 1990. "The Fair Wage-Effort Hypothesis and Unemployment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 255-283.
    2. Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
    3. Wright, Gavin, 1975. "Slavery and the cotton boom," Explorations in Economic History, Elsevier, vol. 12(4), pages 439-451, October.
    4. Krugman, Paul, 1991. "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-499, June.
    5. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-337, May.
    6. 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.
    7. Domar, Evsey D., 1970. "The Causes of Slavery or Serfdom: A Hypothesis," The Journal of Economic History, Cambridge University Press, vol. 30(1), pages 18-32, March.
    8. Liebowitz, S J & Margolis, Stephen E, 1990. "The Fable of the Keys," Journal of Law and Economics, University of Chicago Press, vol. 33(1), pages 1-25, April.
    9. George A. Akerlof, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 97(4), pages 543-569.
    10. Lane, Frederic C., 1958. "Economic Consequences of Organized Violence," The Journal of Economic History, Cambridge University Press, vol. 18(4), pages 401-417, December.
    11. Morris Altman, 1998. "A High-Wage Path to Economic Growth and Development," Challenge, Taylor & Francis Journals, vol. 41(1), pages 91-104, January.
    12. Lane, Frederic C., 1975. "The Role of Governments in Economic Growth in Early Modern Times," The Journal of Economic History, Cambridge University Press, vol. 35(1), pages 8-17, March.
    13. Ruttan, Vernon W, 1997. "Induced Innovation, Evolutionary Theory and Path Dependence:," Economic Journal, Royal Economic Society, vol. 107(444), pages 1520-1529, September.
    14. Kochan, Thomas A., 1996. "What works at work : overview and assessment," Working papers 3886-96., Massachusetts Institute of Technology (MIT), Sloan School of Management.
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    Cited by:

    1. Wirl, Franz & Feichtinger, Gustav, 2005. "History dependence in concave economies," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 390-407, August.
    2. Altman, Morris, 2004. "Statistical significance, path dependency, and the culture of journal publication," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(5), pages 651-663, November.
    3. Michail Chronopoulos, Derek Bunn, and Afzal Siddiqui, 2014. "Optionality and Policymaking in Re-Transforming the British Power Market," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    4. Teraji, Shinji, 2008. "Culture, effort variability, and hierarchy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 157-166, February.
    5. Altman, Morris, 2001. "When green isn't mean: economic theory and the heuristics of the impact of environmental regulations on competitiveness and opportunity cost," Ecological Economics, Elsevier, vol. 36(1), pages 31-44, January.
    6. Frank, Joshua, 2005. "Technological lock-in, positive institutional feedback, and research on laboratory animals," Structural Change and Economic Dynamics, Elsevier, vol. 16(4), pages 557-575, December.
    7. Wirl, Franz & Feichtinger, Gustav, 2006. "History versus expectations: Increasing returns or social influence?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(5), pages 877-888, October.
    8. Gartland, Myles P., 2005. "Interdisciplinary views of sub-optimal outcomes: Path dependence in the social and management sciences," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 34(5), pages 686-702, October.
    9. Levin-Waldman, Oren M., 2009. "Urban path dependency theory and the living wage: Were cities that passed ordinances destined to do so?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 672-683, August.
    10. Breton, Theodore R., 2004. "Can institutions or education explain world poverty? An augmented Solow model provides some insights," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 33(1), pages 45-69, March.
    11. F. Wirl, 2007. "Social Interactions within a Dynamic Competitive Economy," Journal of Optimization Theory and Applications, Springer, vol. 133(3), pages 385-400, June.
    12. Mort Webster, 2008. "Incorporating Path Dependency into Decision-Analytic Methods: An Application to Global Climate-Change Policy," Decision Analysis, INFORMS, vol. 5(2), pages 60-75, June.
    13. Teraji, Shinji, 2007. "Morale and the evolution of norms," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(1), pages 48-57, February.

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