Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279833 
Year of Publication: 
2007
Citation: 
[Journal:] Cambridge Journal of Economics [ISSN:] 1464-3545 [Volume:] 31 [Issue:] 2 [Publisher:] Oxford University Press [Place:] Oxford [Year:] 2007 [Pages:] 235-253
Publisher: 
Oxford University Press, Oxford
Abstract: 
Economic theorists have seldom discussed the social structures behind markets, even though market trading relies heavily on seller/buyer roles and personal relations among traders. This paper considers the structural basis of markets and proposes a layered approach which accommodates a wide range of competitive and relational trade within a definition of markets that distinguishes them from non-market exchange. Giving due regard to social structures lays bare the institutional character of markets and provides a rationale for case studies of how particular markets function.
Subjects: 
markets
social structure
agency
competition
rivalry
JEL: 
B4
D4
L1
Published Version’s DOI: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
Appears in Collections:

Files in This Item:
File
Size
150.94 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.