W. Brian Arthur: Market

W. Brian Arthur is American economist. Explore interesting quotes on market.
W. Brian Arthur: 32   quotes 1   like

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

Source: Competing Technologies, Increasing Returns and Lock-in by Historical Events, (1989), p. 124; as cited in: Tobias Georg Meyer (2012) Path Dependence in Two-sided Markets. p. 244

“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.”

Source: Competing Technologies, Increasing Returns and Lock-in by Historical Events, (1989), p. 116