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Nuclear Power Reactors: A Study in Technological Lock-in
Abstract
Recent theory has predicted that if competing technologies operate under dynamic increasing returns, one, possibly inferior, technology will dominate the market. The history of nuclear power technology is used to illustrate these results. Light water is considered inferior to other technologies, yet it dominates the market for power reactors. This is largely due to the early adoption and heavy development by the U.S. Navy of light water for submarine propulsion. When a market for civilian power emerged, light water had a large head start, and by the time other technologies were ready to enter the market, light water was entrenched.
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Citations
Cited by
Unruh, G. C. (2000) · Energy Policy · doi:10.1016/s0301-4215(00)00070-7 · Cited by 3,304
Sectoral systems of innovation and production
Malerba, F. (2002) · Research Policy · doi:10.1016/s0048-7333(01)00139-1 · Cited by 2,733
Carbon lock-in: types, causes, and policy implications
Seto, K. C., Davis, S. J., Mitchell, R. B., Stokes, E. C., Unruh, G., & Ürge-Vorsatz, D. (2016) · Annual Review of Environment and Resources · doi:10.1146/annurev-environ-110615-085934 · Cited by 1,346
Networks, platforms, and strategy: Emerging views and next steps
McIntyre, D. P., & Srinivasan, A. (2017) · Strategic Management Journal · doi:10.1002/smj.2596 · Cited by 1,109
Fifty Years of Empirical Studies of Innovative Activity and Performance
Cohen, W. M. (2010) · Handbook of the Economics of Innovation · doi:10.1016/s0169-7218(10)01004-x · Cited by 962
Metadata
- Authors
- Cowan, R.
- Venue
- The Journal of Economic History
- Publisher
- Cambridge University Press (CUP)
- Published
- 1990-09
- Volume
- 50
- Issue
- 3
- Pages
- 541-567
- ISSN
- 0022-0507 (ISSN-L)
- 1471-6372
- OpenAlex
- W2092773742
- Cited by
- 576
- References
- 0
- FWCI
- 3.33
- Type
- journal article
- Language
- en
- Open access
- closed
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