Description: Nonlinear economic effects can cause unpredictable and sometimes undesirable outcomes in the marketplace. Increasing returns can lead to self-reinforcing situation in which increasing market share lead to a more attractive product, which leads in turn to further increases in market share. This results in ``lock-in`` of a technology, which cannot be overcome except by a significant shift in technology, consumer tastes, or other market factors.
Date: November 1, 1996
Creator: Cowan, R. & Kline, D.
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department