2020
DOI: 10.1007/s11186-020-09379-0
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Market Fashioning

Abstract: How do markets come about? This article offers a first systematic analysis of three different ideal types of market fashioning: mutual adjustment, organization, and fields. Although aspects of these are identifiable in most empirical markets, these three ideal types provide analytic tools for students of real markets and marketplaces. After going through this comprehensive literature, it is argued that mutual adjustment, which refers to non-planned processes, is affinity with markets in which products are diff… Show more

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Cited by 15 publications
(4 citation statements)
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“…Berger & Luckmann, 1991). Decisions and mutual adjustment (Aspers, et al., 2020) are likely to coexist and interplay in any empirically observable case, which can also be observed in the case of online marketplaces, to which we now turn.…”
Section: The Social Infrastructure Of Online Marketplacesmentioning
confidence: 88%
“…Berger & Luckmann, 1991). Decisions and mutual adjustment (Aspers, et al., 2020) are likely to coexist and interplay in any empirically observable case, which can also be observed in the case of online marketplaces, to which we now turn.…”
Section: The Social Infrastructure Of Online Marketplacesmentioning
confidence: 88%
“…Secondly, the market view behind conceptions of control has limitations. Aspersl and his colleagues (2020) summarize three ideal types of Market Fashioning: mutual adjustment, organization, and fields. Conception of control is based on a proposed view of the market as a field resulting from the interaction between incumbents and challengers.…”
Section: The Evolution and Criticism Of Conceptions Of Controlmentioning
confidence: 99%
“…Conception of control is based on a proposed view of the market as a field resulting from the interaction between incumbents and challengers. They argue that this market perception ignores the presence of consumers and is insufficient to restore the full picture of the market (Aspersl et al., 2020).…”
Section: The Evolution and Criticism Of Conceptions Of Controlmentioning
confidence: 99%
“…As Beckert and Aspers (2011) observed in the art market, quality judgments are made by actors in the field, informed by the judgments of other observed (and discursively engaged) actors and by the weight they have conveyed through their status and power. According to Aspers et al (2020), markets, prices, and exchanges result from the mutual adjustment of many interactions and decisions -to buy or not to buy, to sell or not to sell -by those who trade in the market.…”
Section: The Construction Of Quality Taste and Pricementioning
confidence: 99%