The Organization of Markets
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’,...
Paper Details
Title
The Organization of Markets
Published Date
Sep 19, 2014
Journal
Volume
36
Issue
1
Pages
7 - 27
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