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The manufacturing of markets: legal, political and economic dynamics

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Date
2014
Publisher city
Cambridge
Publisher
Cambridge University Press
Publishing date
2014
ISBN:
978-1-10-705371-7
Dewey
Economie industrielle
Sujet
Industrial management; Marketing; Markets; Cross-cultural studies
JEL code
M.M1.M10; M.M3.M31; E.E4.E44; G.G1.G14; G.G1.G15; L.L1.L11; L.L2.L22
URI
https://basepub.dauphine.fr/handle/123456789/13448
Collections
  • DRM : Publications
Metadata
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Author
Brousseau, Eric
1032 Dauphine Recherches en Management [DRM]
Glachant, Jean-Michel
Type
Ouvrage
Item number of pages
548
Abstract (EN)
Different types of markets exist throughout the world but how are they created? In this book, an interdisciplinary team of authors provide an evolutionary vision of how markets are designed and shaped. Drawing on a series of case studies, they show that markets are far from perfect and natural mechanisms, and propose a new view of markets as social construct, explaining how combinations of economic, political and legal constraints influence the formation and performance of markets. Historical trajectories and interdependencies among institutional dimensions make it difficult to build costless, non-biased co-ordination mechanisms, and there are limitations to public and private attempts to improve the design of markets. The authors show that incomplete and imperfect modes of governance must be improved upon and combined in order for markets to work more efficiently. This timely book will interest practitioners and academics with backgrounds in economics, law, political science and public policy.

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