ISBN : 9780198815761
Organizing and Reorganizing Markets brings organization theory to the study of markets.
The difference between markets and organizations is often exaggerated. Organizing exists in addition to other processes and phenomena that form markets: the mutual adaption among sellers and buyers as described in mainstream economics, and the institutions described in institutional economics and economic sociology. Market organization can be analysed with the same type of theories used for analysing organization within formal organizations.
Through the use of many empirical examples, the book demonstrates how this can be done.
The authors argue that the way a certain market is organized can be understood as the (intermediate) result of previous organizing processes. Questions discussed include: 'What drives market organizing and reorganizing processes? What makes various organizations intervene as market organizers? And, how are the specific contents of market organization determined?' The answers to these questions help to analyse similarities and differences among organizing processes in formal organizations and those in markets.
Arguments are illustrated by in-depth studies of many types of markets. The book will open up markets as a field of study for scholars of organization.
1 Markets, Organizations, and Organization.; 2 The Organization of Markets; 3 Creating a Market Bureaucracy: The Case of a Railway Market; 4 Primary Healthcare: What Type of Market and What Type of Organization?; 5 Experience-Based Learning and Market Change; 6 When Sellers Create Markets: Dilemmas in Markets for Professional Services; 7 'The Most Regulated Deregulated Market in the World'. Sellers Organizing across Markets; 8 Markets as Open Systems: Organizing and Reorganizing a Financial Market; 9 Markets, Trust, and the Construction of Macro-Organizations; 10 Shaping the Consumer: A Century of Consumer Guidance; 11 When Market Organization Does Not Help: High Ambitions and Challenges in the Market for Eldercare; 12 Dealing with Asymmetric Information: Organizing and Reorganizing a Market for Child Insurance; 13 Reform and Rescue: International Organizations and the Organization of Markets; 14 Organizing Marketplaces: The Constitution of Trade Shows in a Cutting-Edge Industry; 15 Handling Opposing Market Logics: Public Procurement in Practice; 16 From a Free to a Pure Market: The History of Organizing the Swedish Pipe and Tube Market; 17 Multiplicity, Complexity, and Recurrent Change; 18 Organizing and Reorganizing Markets and Formal Organizations: A Comparison