Industry Dynamics and Path Dependencies
Industry dynamics are about stability and change on the field level of analysis. This chapter uses the lens of path dependence to study the emergent field of renewable energy. On this level of analysis, path dependence theory has to address not only technological but also organizational and institutional dynamics that intricately interact. More specifically, by means of such a multi-dimensional lens, this chapter will look at the increasing generation of electric energy through wind power to illustrate different industry dynamics in four countries. The United Kingdom and Japan will illustrate the persistence of an established path in generating electric energy through fossil fuels and nuclear, while the German and, more tenuously, Chinese cases serve as examples for path-breaking change and the conditions making the emergence of renewables, and in particular wind energy, possible.