منابع مشابه
Ongoing quest for QWERTY∗
First, we replicate the remarkable result of Hossain & Morgan (AER 2009), in which subjects in an experimental market tip almost perfectly to the superior platform even if an inferior platform enjoys initial monopoly. Next, we show that this result disappear when seemingly innocent increases in out-of-equilibrium payoffs are introduced. The inflated payoffs do not alter payoffor risk-dominance ...
متن کاملPath Dependence and the Quest for Historical Economics: One More Chorus of the Ballad of Qwerty
The term path dependence (PD) here refers to a dynamic property of allocative processes, pertaining to non-ergodic stochastic systems -those whose asymptotic distributions evolve as a function of the history of the process itself. PD is shown to be neither necessary nor sufficient for the existence of ‘market failure’, although the two properties may arise from common structural features. A var...
متن کاملClio and the Economics of QWERTY
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متن کاملClio and the Economics of QWERTY
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2009
ISSN: 0002-8282
DOI: 10.1257/aer.99.2.435