David, Paul A. - Department of Economics, Stanford University
economists, the paper formulates definitions that relate the phenomenon to the property of non-ergodicity in stochastic processes … meaning of "lock-in." Unlike tests for the presence of non-ergodicity, assessments of the economic significance of path …, non-ergodicity, irreversibility, lock-in, counterfactual analysis JEL Classification: A1,B0, C4, D9, N0, O3 …