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In: Economic Inquiry, Band 57, Heft 3, S. 1526-1546
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In: Environmental claims journal, Band 30, Heft 4, S. 337-346
ISSN: 1547-657X
In: The economic history review, Band 71, Heft 2, S. 617-638
ISSN: 1468-0289
AbstractThe commercial airframe industry in the US experienced a shakeout from the early 1930s into the post‐Second World War period. Unlike shakeouts in automobiles, tyres, or televisions, the commercial airframe industry's early life cycle was affected by external factors, particularly government demand. Using newly digitized data on all planes introduced in the commercial market between 1926 and 1965, we find that commercial airframe manufacturers with bomber contracts during the Second World War were more likely to have postwar market share than firms without such contracts, controlling for plane characteristics and other forms of government contracting. We attribute the effect of bomber contracts to advantages in R&D learning capacity acquired by firms with military airframe contracts. Despite low (or zero) initial presence in the commercial market, these learning capacity advantages allowed such firms to survive the early period of the shakeout, and later to thrive.
In: Environmental claims journal, Band 29, Heft 2, S. 141-149
ISSN: 1547-657X
In: Environmental claims journal, Band 24, Heft 1, S. 86-91
ISSN: 1547-657X
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In: Oxford Economic Papers, 73(1), January 2021, pp. 371-398.
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In: Journal of Economic Behavior and Organization, Forthcoming
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In: Environmental claims journal, Band 25, Heft 4, S. 311-319
ISSN: 1547-657X
In: Environmental claims journal, Band 23, Heft 1, S. 82-87
ISSN: 1547-657X