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Non shakeout patterns of industry evolution. The case of turboprop engine industry

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Author Info

  • Andrea Bonaccorsi
  • Paola Giuri

Abstract

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 strategies emerges, in sharp contrast to the pattern observed in the otherwise similar jet engine industry. This paper operationalises the relevant variables of a more general theory of industry life cycle by taking into account the lack of creation of significant increasing returns in R&D, manufacturing or marketing, which is commonly found in industries which produce systemic products.

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Bibliographic Info

Paper provided by Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy in its series LEM Papers Series with number 1999/10.

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Date of creation: 20 Nov 1999
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Handle: RePEc:ssa:lemwps:1999/10

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Keywords: industrial dynamics; industry life cycle; increasing returns; aircraft industry; engine industry.;

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Cited by:
  1. Andrea Bonaccorsi & Paola Giuri, 1999. "Network Structure and Industrial Dynamics. The long-term evolution of the aircraft-engine industry," LEM Papers Series 1999/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  2. Andrea Bonaccorsi & Paola Giuri, 2000. "Industry Life Cycle and the Evolution of an Industry Network," LEM Papers Series 2000/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  3. Andrea Bonaccorsi & R. Cambini & Paola Giuri & R. Riccardi, 2001. "Non ergodic properties of the dynamics of industry concentration," LEM Papers Series 2001/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  4. Bonaccorsi, Andrea & Giuri, Paola, 2001. "The long-term evolution of vertically-related industries," International Journal of Industrial Organization, Elsevier, vol. 19(7), pages 1053-1083, July.

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