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- Lock-in_(decision-making) abstract "Lock-in means that a particular technology or product is dominant, not because its inherent cost is low or performance is good, but because it enjoys the benefits of increasing returns to scale. As a result, decision makers are greatly influenced by the dominance (large market share) of a product rather than by their preferences for its inherent properties. The wider system can therefore not easily escape the dominant entity. Increasing returns to scale can be due to a range of demand- and supply-side factors, including positive information and network externalities, economies of scale in production, learning effects and infrastructure availability. The result of lock-in is that decision-makers feel forced to choose for the dominant product, even if their intrinsic preference for it might be low. A famous early example of technical lock-in is the QWERTY keyboard. The most famous (simple) model to illustrate path-dependence potentially giving rise to lock-in was developed by Arthur (1989).In deciding about technologies or products decision-makers can become committed to the project before the formal decision to build was taken. The formation of commitment is not necessarily bad, but when commitment turns into lock-in, it has by definition a negative influence on the project performance. Lock-in can occur at the decision-making level or at the project level. There are possibilities to avoid lock-in when decision-makers can be made aware of this phenomenon. However, lock-in can also be used intentionally, in which case, it is much more difficult to prevent and hence manage cost overruns.".
- Lock-in_(decision-making) wikiPageID "24432025".
- Lock-in_(decision-making) wikiPageLength "7656".
- Lock-in_(decision-making) wikiPageOutDegree "13".
- Lock-in_(decision-making) wikiPageRevisionID "602449728".
- Lock-in_(decision-making) wikiPageWikiLink Category:Costs.
- Lock-in_(decision-making) wikiPageWikiLink Category:Decision_theory.
- Lock-in_(decision-making) wikiPageWikiLink Category:Political_terminology.
- Lock-in_(decision-making) wikiPageWikiLink Cost_overrun.
- Lock-in_(decision-making) wikiPageWikiLink Escalation_of_commitment.
- Lock-in_(decision-making) wikiPageWikiLink Megaproject.
- Lock-in_(decision-making) wikiPageWikiLink Network_effect.
- Lock-in_(decision-making) wikiPageWikiLink Path_dependence.
- Lock-in_(decision-making) wikiPageWikiLink QWERTY.
- Lock-in_(decision-making) wikiPageWikiLink Sunk_costs.
- Lock-in_(decision-making) wikiPageWikiLinkText "Lock-in (decision-making)".
- Lock-in_(decision-making) wikiPageWikiLinkText "Lock-in".
- Lock-in_(decision-making) wikiPageWikiLinkText "lock-in".
- Lock-in_(decision-making) hasPhotoCollection Lock-in_(decision-making).
- Lock-in_(decision-making) wikiPageUsesTemplate Template:Reflist.
- Lock-in_(decision-making) subject Category:Costs.
- Lock-in_(decision-making) subject Category:Decision_theory.
- Lock-in_(decision-making) subject Category:Political_terminology.
- Lock-in_(decision-making) hypernym Low.
- Lock-in_(decision-making) type Plant.
- Lock-in_(decision-making) comment "Lock-in means that a particular technology or product is dominant, not because its inherent cost is low or performance is good, but because it enjoys the benefits of increasing returns to scale. As a result, decision makers are greatly influenced by the dominance (large market share) of a product rather than by their preferences for its inherent properties. The wider system can therefore not easily escape the dominant entity.".
- Lock-in_(decision-making) label "Lock-in (decision-making)".
- Lock-in_(decision-making) sameAs ロックイン効果.
- Lock-in_(decision-making) sameAs m.09g9zpk.
- Lock-in_(decision-making) sameAs Q6665195.
- Lock-in_(decision-making) sameAs Q6665195.
- Lock-in_(decision-making) wasDerivedFrom Lock-in_(decision-making)?oldid=602449728.
- Lock-in_(decision-making) isPrimaryTopicOf Lock-in_(decision-making).