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Quotes from Competing Technologies, Increasing Returns and Lock-in by Historical Events — W. Brian Arthur

born 1946 Northern Ireland

← All quotes by W. Brian Arthur

3 quotes

A technology that by chance gains an early lead in adoption may eventually 'corner the market' of potential adopters, with the other technologies becoming locked out.

Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)

[Market outcomes] depends on the cumulation of random events.

Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)

Where we observe the predominance of one technology or one economic outcome over its competitors we should thus be cautious of any exercise that seeks the means by which the winner's innate 'superiority' came to be translated into adoption.

Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)

Attribution

Quotes and notes from Wikiquote: W. Brian Arthur (page history), available under CC BY-SA 4.0.