Difference between revisions of "Path dependence"
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| − | '''Path dependence''' is an [[economy|economic]] condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance. | + | '''Path dependence''' is an [[economy|economic]] condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance.<ref>http://eh.net/encyclopedia/article/puffert.path.dependence</ref> |
| + | == References == | ||
| + | <references/> | ||
[[category:economics]] | [[category:economics]] | ||
Revision as of 03:48, May 19, 2009
Path dependence is an economic condition in which the outcome of a sequence of economic changes depends on events remote in time from each other, especially when those events are heavily influenced by chance.[1]
