Switching costs

 

“Because in the past a specific path of development was chosen, actors cannot easily switch to more efficient paths. This is not only due to high switching costs, but can also be due to mental maps and institutions at different layers that do not fit with the new technology, or the new organizational structure.”

Page 180-1 Steen, Groenewegen, Jonker, Kunneke and Mast, in  Foxon, T, Kohler, J. and Oughton, C. (2008) Innovation For A Low Carbon Economy Economic, Institutional and Management Approaches Cheltenham: Edward Elgar

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