Is economics always self-corrective? Do erroneous theorems permanently disappear from the market of economic ideas? Intellectual Path Dependence in Economics argues that errors in economics are not always corrected. Although economists are often critical and open-minded, unfit explanations are nonetheless able to reproduce themselves. The problem is that theorems sometimes survive the intellectual challenges in the market of economic ideas even when they are falsified or invalidated by criticism and an abundance of counter-evidence. A key question which often gets little or no attention is: why do economists not reject theories when they have been refuted by evidence and falsified by philosophical reasoning? This book explores the answer to this question by examining the phenomenon of intellectual path dependence in the history of economic thought. It argues that the key reason why economists do not reject refuted theories is the epistemic costs of starting to use new theories. Epistemic costs are primarily the costs of scarcity of the most valued element in academic production: time. Epistemic scarcity overwhelmingly dominates the evolution of scientific research in such a way that when researchers start off a new research project, they allocate time between replicable and un-replicable research. This book is essential reading for anyone interested in the methodology, philosophy and history of economics.

This work reconstructs the history of fare policy in the European passenger railway industry and integrates behavioural pricing theory into an agent-based simulation model for railway revenue management. The model is employed to conduct artificial experiments on fare innovations. It represents supply and demand on a transport market including car traffic and is calibrated with empirical data of an incumbent European railway. The model uses a combination of marketing concepts, dynamics in time and social interaction of consumers to analyse revenue effects of different pricing options. This book provides insights for readers interested in the commercial aspects of transportation history. Furthermore, it is directed at researchers interested in pricing theory and the simulation method. It is also a rich source of information for practitioners in the revenue management branches of transport enterprises.

Determinants of firm and market organization; Analysis of market behavior; Empirical methods and results; International issues and comparision; government intervention in the Marketplace.

The editors, aware of the recent work in evolutionary theory and the science of chaos and complexity, challenge the sometimes deterministic flavor of this subject. They are interested in uncovering the place of agency in these theories that take history so seriously. In the end, they are as interested in path creation and destruction as they are in path dependence. This book is compiled of both theoretical and empirical writings. It shows relatively well-known industries, such as the automobile, biotechnology, and semi-conductor industries in a new light. It also invites the reader to learn more about medical practices, wind power, lasers, and synthesizers. Primarily written for academicians, researchers, and Ph.D. students in fields related to technology management, this book is research-oriented and will appeal to all managers.

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

The top left hand side of the keyboard reads "Q-W-E-R-T-Y." Is this inefficient layout an inefficient early development to which we are now forever committed? The "economics of QWERTY" describes cases in which it has been claimed that technologies which have become accepted are not as good as rival technologies. Perhaps they have been "locked in" at an early stage, preventing newer, better possibilities from taking hold. Distinguished economists Stan Liebowitz and Steven Margolis have critically examined the various aspects of the economics of QWERTY and its implications, calling into question the historical accuracy of the standard account of QWERTY and similar cases such as those of Beta/VHS and Macintosh/Windows. They contend that no plausible case of inferior standards being locked in has ever been documented, though much antitrust activity and legislative policy has been based on the belief in the occurrence of such cases. The Economics of Qwerty brings together into one volume Liebowitz and Margolis's essential contributions, remarkable for their eloquence and relevance, to consider these issues, which are of real and enduring importance for the functioning of the market economy. Together they constitute a complete account of the critique of the economics of QWERTY.

Thermal Management of Electric Vehicle Battery Systems provides a thorough examination of various conventional and cutting edge electric vehicle (EV) battery thermal management systems (including phase change material) that are currently used in the industry as well as being proposed for future EV batteries. It covers how to select the right thermal management design, configuration and parameters for the users’ battery chemistry, applications and operating conditions, and provides guidance on the setup, instrumentation and operation of their thermal management systems (TMS) in the most efficient and effective manner. This book provides the reader with the necessary information to develop a capable battery TMS that can keep the cells operating within the ideal operating temperature ranges and uniformities, while minimizing the associated energy consumption, cost and environmental impact. The procedures used are explained step-by-step, and generic and widely used parameters are utilized as much as possible to enable the reader to incorporate the conducted analyses to the systems they are working on. Also included are comprehensive thermodynamic modelling and analyses of TMSs as well as databanks of component costs and environmental impacts, which can be useful for providing new ideas on improving vehicle designs. Key features: Discusses traditional and cutting edge technologies as well as research directions Covers thermal management systems and their selection for different vehicles and applications Includes case studies and practical examples from the industry Covers thermodynamic analyses and assessment methods, including those based on energy and exergy, as well as exergoeconomic, exergoenvironmental and enviroeconomic techniques Accompanied by a website hosting codes, models, and economic and environmental databases as well as various related information Thermal Management of Electric Vehicle Battery Systems is a unique book on electric vehicle thermal management systems for researchers and practitioners in industry, and is also a suitable textbook for senior-level undergraduate and graduate courses.

The service industry is continually improving, forcing service-oriented engineering to improve alongside it. In a digitalized world, technology within the service industry has adapted to support interactions between users and organizations. By identifying key problems and features, service providers can help increase facilitator profitability and user satisfaction. Multidisciplinary Approaches to Service-Oriented Engineering is a well-rounded collection of research that examines methods of providing optimal system design for service systems and applications engineering. While exploring topics such as cloud ecosystems, interface localization, and requirement prioritization, this publication provides information about the approaches and development of software architectures to improve service quality. This book is a vital resource for engineers, theoreticians, educators, developers, IT consultants, researchers, practitioners, and professionals.