Latacz-Lohmann, Uwe; Recke, Guido; Wolff, Hendrik - In: Agrarwirtschaft: Zeitschrift für Betriebswirtschaft, … 50 (2001) 7, pp. 433-438
This paper invokes the concept of path dependence to gain new conceptual insights into the competition between conventional and organic agriculture. We develop a simple model of path dependent agricultural technologies to demonstrate how random events at the beginning of the development path of...