This paper proposes a new approach to explain the long-term evolution of a supplier industry. The network of vertical … relations between suppliers and buyers is identified as a determinant of the concentration of the supplier industry and of the … econometric exercise is used to test some hypotheses about the relation between selected network measures and industrial dynamics. …

the industry, as represented by the network of vertical relations between aero-engine suppliers and aircraft manufacturers …

pairwise stable network as an absorbing state, stochastic stability in two perturbed processes provides a significant … concentration on each side of the market of a random information shock. The analysis captures stylized facts, related to market … fragmentation, concentration and contagion asymmetry, in several two-sided economies. …