Zeppini, Paolo; Bergh, Jeroen C. J. M. van den - In: Industry and Innovation 18 (2011) 3, pp. 317-334
This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of B. Arthur (1989, Competing technologies, increasing returns, and lock-in by historical events, The Economic Journal, 99, pp....