The paper explores the idea that properties at the level of firms coevolve with more aggregate properties at the level of market institutions in the dynamics of industries. We propose that the structure of network of vertical relations limits the effect of increasing returns at the firm level....

A careful case study of the entire history of the turboprop engine industry (1948-1997) is offered as an example of non shakeout pattern. The persistence of high concentration is not associated to the exit of smaller manufacturers, but instead a stable coexistence of generalist and specialist...

This paper addresses the problem of the general validity of models of the industry life cycle, which have been proposed to analyse the long-term evolution of many industries, exhibiting a typical pattern of shakeout. We study a case of non shake-out in the commercial jet aero-engine industry,...

This paper provides a novel contribution for specifying the role of demand for technological competition. The focus is on the analysis of the mechanisms of technological learning and spillovers occurring in different structures of networks of vertically-related industries. The paper offers a...

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The paper develops the argument that the long-term structural evolution of an industry depends on the evolution of a vertically-related, downstream industry. We analyse two pairs of vertically-related industries, the jet and turboprop aircraft and engine industries, since the first introduction...

This article aims to investigate some conceptual and methodological issues on the measurement of technological change in multi-technology product sectors. It develops a methodological contribution by building a measure of the technological frontier and of firms' technological positioning based...