Castaldi, Carolina Dosi, Giovanni Paraskevopoulou, Evita
Year of Publication:
LEM Working Paper Series 2011/12
The note on which an entry for the Palgrave Encyclopedia of Strategic Management will draw offers a beginner's guide to path dependency in technologies and organizations. We address the very meaning of the concept and its centrality in various aspects of economic analysis. We outline the various levels of the ecomic system in which it is observable, its sources, concequences and different formal representations of path dependent processes.