Positive Feedback and Path Dependence Using the Law of Large Numbers

References

• Arthur , W. B. , Ermoliev , Y. M. and Kaniovski , Y. M. 1994a . “ Path-dependent processes and the emergence of macrostructure ” . In Increasing returns and path dependence in the economy , Edited by: Arthur , W. B. Ann Arbor : University of Michigan Press .
   Google Scholar
• Arthur , W. B. , Ermoliev , Y. M. and Kaniovski , Y. M. 1994b . “ A generalized urn problem and its applications ” . In Increasing returns and path dependence in the economy , Edited by: Arthur , W. B. Ann Arbor : University of Michigan Press .
   Google Scholar
• Blanchard , O. 2000 . Macroeconomics. , 2nd ed , New York : Prentice-Hall .
   Google Scholar
• Colander , D. 1995 . Economics. , 2nd ed , New York : Irwin .
   Google Scholar
• David , P. 1985 . Clio and the economics of QWERTY . American Economic Review , 75 ( May ) : 332 – 37 .
   Google Scholar
• Dornbusch , R. , Fischer , S. and Startz , R. 1998 . Macroeconomics. , 7th ed , New York : McGraw-Hill .
   Google Scholar
• Jones , C. I. 1998 . Introduction to economic growth , New York : W. W. Norton .
   Google Scholar
• Kennedy , P. E. 1998 . “ Using Monte Carlo studies for teaching econometrics ” . In Teaching economics to undergraduates: Alternatives to chalk and talk , Edited by: Becker , W. E. and Watts , M. Cheltenham, , UK : Edward Elgar .
   Google Scholar
• Kirman , A. P. 1993 . Ants, rationality and recruitment . Quarterly Journal of Economics , 108 ( February ) : 137 – 56 .
   Web of Science ®Google Scholar
• Kirman , A. P. 1997 . “ The economy as an interactive system ” . In The economy as an evolving complex system II , Edited by: Arthur , W. B. , Durlauf , S. N. and Lane , D. A. New York : Addison-Wesley .
   Google Scholar
• Mankiw , N. G. 1999 . Macroeconomics. , 4th ed , Boston : Worth .
   Google Scholar
• Mittelhammer , R. C. 1996 . Mathematical statistics for economics and business , New York : Springer-Verlag .
   Google Scholar
• Ramanathan , R. 1993 . Statistical methods in econometrics , New York : Academic Press .
   Google Scholar