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Positive Feedbacks in the Economy.
- Source :
-
Scientific American . Feb90, Vol. 262 Issue 2, p92. 6p. 1 Color Photograph, 4 Diagrams. - Publication Year :
- 1990
-
Abstract
- Examines an economic theory that elucidates mechanisms whereby small chance events early in the history of an industry or technology can tilt the competitive balance. Evolution of the videocassette recorder market; Benefits of increased production; Increasing-returns mechanisms; Ability of the nonlinear probability theory to predict the behavior of systems subject to increasing returns.
- Subjects :
- *ECONOMICS
*RATE of return
COMPETITION
Subjects
Details
- Language :
- English
- ISSN :
- 00368733
- Volume :
- 262
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Scientific American
- Publication Type :
- Periodical
- Accession number :
- 10557606
- Full Text :
- https://doi.org/10.1038/scientificamerican0290-92