THE EARLY BRITISH RAILWAY SYSTEM, THE CASSON COUNTERFACTUAL, AND THE EFFECTIVENESS OF CENTRAL PLANNING
How large is the “first mover disadvantage,” in which a pioneer in deployment of new technologies incurs costs due to the immature state of that technology and to lack of knowledge about its application? And to what extent can those costs be mitigated by central planning? Mark Casson's book, T...
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| Format: | Article |
| Language: | English |
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Economic & Business History Society
2016-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/266 |