Path dependence – proces przekształceń instytucjonalnych
Path dependence – process of institutional changes
Author(s): Jakub SukiennikSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: path dependence; new intitutional economy; drug market
Summary/Abstract: Under the concept of path dependence, processes can be defined as subordinate to their own history, that is, their development depends on their historical formation. Thus, a given process develops according to different paths that can lead to various equilibrium states. Likewise, institutional transformations are conditioned by events that take place in the past and present. These events may hinder or exclude the possibility of achieving certain states at future stages of institutional development. In other words, some development paths, such as optimal for the community, may be blocked or difficult to peel. The purpose of this article is to describe path dependence in the context of institutional transformations, and an attempt to identify events that have triggered a path of dependence on the drug market
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2017
- Issue No: 493
- Page Range: 163-173
- Page Count: 11
- Language: Polish