Kenneth arrow: Paul David has been a pioneer and innovator in so many directions. He says one particular thesis that He has been associated with is the idea of path dependence. Path dependence is a real phenomenon in economic history and development, He says. Arrow: path dependence arises as a result of increasing returns to scale in some relevant part of the economy.
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Original Title
Arrow_2011_Path Dependenec and Competitive Equilibrium
Kenneth arrow: Paul David has been a pioneer and innovator in so many directions. He says one particular thesis that He has been associated with is the idea of path dependence. Path dependence is a real phenomenon in economic history and development, He says. Arrow: path dependence arises as a result of increasing returns to scale in some relevant part of the economy.
Kenneth arrow: Paul David has been a pioneer and innovator in so many directions. He says one particular thesis that He has been associated with is the idea of path dependence. Path dependence is a real phenomenon in economic history and development, He says. Arrow: path dependence arises as a result of increasing returns to scale in some relevant part of the economy.