The Organization of Markets
Type
book section
Date Issued
2018
Author(s)
Abstract
Markets have sometimes been described as vastly different from and even opposite to formal organizations.
But markets and organizations share a similarity as well. Both are organized – by the use of decisions on membership, rules, monitoring, sanctions or hierarchy. Market organization creates differences
among markets, and specific dynamics, which can be explained by the actions and interactions of market organizers: profiteers, ‘others’, sellers and buyers. The concept of market organization is an analytical tool, which can be used for analysing why and how markets are created, why they get their specific form and how they change.
But markets and organizations share a similarity as well. Both are organized – by the use of decisions on membership, rules, monitoring, sanctions or hierarchy. Market organization creates differences
among markets, and specific dynamics, which can be explained by the actions and interactions of market organizers: profiteers, ‘others’, sellers and buyers. The concept of market organization is an analytical tool, which can be used for analysing why and how markets are created, why they get their specific form and how they change.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
None
Book title
Market Organization
Publisher
Oxford University Press
Publisher place
Oxford
Start page
17
End page
31
Pages
15
Subject(s)
Eprints ID
259324
File(s)![Thumbnail Image]()
Name
Aspers_Brunsson_Ahrne2018_theOrganizationofMarkets.pdf
Size
732.43 KB
Format
Adobe PDF
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