Hysteresis is used to characterize a lagging effect. Firms may fail to enter markets that appear attractive, or firms that are once invested in a market may persist in operating at a loss. The effect is characteristic of investments with high entry and exit costs along with high uncertainty.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). hysteresis. Retrieved September 26, 2026, from http://smartdefine.org/hysteresis/definitions/1155678 |
| Chicago | Barry Goldsmith. 2010. "hysteresis" http://smartdefine.org/hysteresis/definitions/1155678 (accessed September 26, 2026). |
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