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Seminar: Path Dependence and Learning in the Global Clean Tech Industry [Oct 26]

Freeman Center for International Economic Policy, Hubert H. Humphrey Institute of Public Affairs, presents a Workshop on Global Policy

Path Dependence and Learning in the Global Clean Tech Industry
Presented by:
Professor Alfred Marcus
Carlson School of Management
 
12:45 - 2:00 pm
Tuesday, October 26
170 HHH - Stassen Room
Humphrey Institute, West Bank Campus

Clean tech - the production of electricity and fuels with a smaller environmental impact -saw a mini-investment boom occurred in the first decade of the 21st century. This study investigates the degree to which the strategies of clean tech investors varied over time in response to learning from investment successes and failures and from changes in public policy. The literature on path dependence predicts, all else equal, that initial patterns persist into the future. The past character of the investments will continue into the future without much alteration. Professor Marcus's model suggests that this pattern can be broken based on the feedback that investors receive from successful or unsuccessful rounds of venture capital funding and from the changes in the clean tech polices of global governments. Thus, there is another theoretical perspective that should be applied to the strategic choices that investors in this domain make, that is learning theory.  Its predictions would be that adjustments in strategic choices will take place based on factors included in the model. 

All are welcome!  Beverages and cookies will be served

  The opinions expressed in this blog are those of the author(s) and not necessarily
  of the Institute on the Environment/University of Minnesota.

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This page contains a single entry by Stephanie Szurek published on October 25, 2010 8:36 AM.

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