Since their first emergence in the work of Paul David thirty years
ago, the dual issues of Path Dependence and Lock-In have become
critically important subjects in the fields of economics,
sociology, and business strategy. Theoretical and public policy
debates on these issues have arisen, addressing whether markets
consistently choose the best products. This collection presents
each side of the debate, bringing together key publications that
initiated this literature with the later works that criticize or
defend many of the early claims. Both the theoretical and empirical
foundations of Path Dependence and Lock-In are examined along with
the role of network effects. An original introduction by the
editors is included to situate each article in its wider context.
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