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Competing Technologies, Increasing Returns, and Lock-In by Historical Events

The Economic Journal (Royal Economic Society) · Economic Journal 99(394), March 1989, pp. 116–131

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arthur-lock-in · last checked 2026-09-06 · voice: research · origin: global north

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    Under increasing returns to adoption, small early events can lock a market into one technology, including an inferior one, making later reversal costly.

    Locator: Arthur, abstract and section I; David, the QWERTY keyboard case

    Used in: Lock-in