Abstract
This paper relies on complexity theory to gain new insights into the dynamics of high-technology markets. We are making use of the Pólya process model to explain these dynamics. This classical model highlights the “mechanism” of positive feedback, which gives rise to the phenomenon of path dependence and lock-in.
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Schwaninger, M., Mandl, C. (2012). Understanding the System Dynamics of High-Technology Markets: Pólya Processes with Positive Feedback, Path Dependence and Lock-In. In: Moreno-Díaz, R., Pichler, F., Quesada-Arencibia, A. (eds) Computer Aided Systems Theory – EUROCAST 2011. EUROCAST 2011. Lecture Notes in Computer Science, vol 6927. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-27549-4_17
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DOI: https://doi.org/10.1007/978-3-642-27549-4_17
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-27548-7
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