> However, path dependence does _not_ imply that the technology that is
> finally adopted is less "efficient" than other technologies that might
> have been selected...
Umm, I had the feeling that the economic problem with path dependence
was that one could get locked in to a less than efficient technology.
Now you are saying that the economic problem with path dependence is
that one could get locked in to a efficient technology.
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| Fumble Index |
Original post & context:
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