Citation

Why a market place is not a market. A Market Design - perspective on China

Abstract | Word Stems | Keywords | Association | Citation | Similar Titles



Abstract:

The paper introduces a new economic multidisciplinary approach which by combining institutional and behavioural economics, and organisational psychology and new methodology, such as game theory, lab and experimental economics, supplements the conventional theories on the emergence of markets. By showing that a multitude of different Market Designs (MD) are compatible with the notion of functioning, competitive markets, the MD-perspective focuses on specific market places. Firms and local administrators, judges and politicians all are not only “market partners’ but those whose interaction and behaviour contributes to a specific market design. Differences in the allocation of decision making power, coordination devices employed and transaction-time specific imperfections, lead to differences in design, and indicates whether a specific design promises robust and stable markets. Taking the MD-perspective for examining
China’s economic transformation shows why and how the emergence of specific market places depends more on the informal interaction of in particular firms and local government agencies than on formal institutions and the law. The MD-perspective further identifies imperfectedness and instability which are market place specific and are a further cause to the variety of different market designs and organisational forms we observe across but also within economic sectors. Ultimately, the MD-perspective offers additional insights into the functioning of markets in general and market places in China in particular.
Convention
All Academic Convention is the premier solution for your association's abstract management solutions needs.
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

Association:
Name: SASE Annual Conference
URL:
http://www.sase.org


Citation:
URL: http://citation.allacademic.com/meta/p305119_index.html
Direct Link:
HTML Code:

MLA Citation:

Krug, Barbara. and Hendrischke, Hans. "Why a market place is not a market. A Market Design - perspective on China" Paper presented at the annual meeting of the SASE Annual Conference, Sciences Po, Paris, France, Jul 16, 2009 <Not Available>. 2014-11-29 <http://citation.allacademic.com/meta/p305119_index.html>

APA Citation:

Krug, B. and Hendrischke, H. , 2009-07-16 "Why a market place is not a market. A Market Design - perspective on China" Paper presented at the annual meeting of the SASE Annual Conference, Sciences Po, Paris, France <Not Available>. 2014-11-29 from http://citation.allacademic.com/meta/p305119_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: The paper introduces a new economic multidisciplinary approach which by combining institutional and behavioural economics, and organisational psychology and new methodology, such as game theory, lab and experimental economics, supplements the conventional theories on the emergence of markets. By showing that a multitude of different Market Designs (MD) are compatible with the notion of functioning, competitive markets, the MD-perspective focuses on specific market places. Firms and local administrators, judges and politicians all are not only “market partners’ but those whose interaction and behaviour contributes to a specific market design. Differences in the allocation of decision making power, coordination devices employed and transaction-time specific imperfections, lead to differences in design, and indicates whether a specific design promises robust and stable markets. Taking the MD-perspective for examining
China’s economic transformation shows why and how the emergence of specific market places depends more on the informal interaction of in particular firms and local government agencies than on formal institutions and the law. The MD-perspective further identifies imperfectedness and instability which are market place specific and are a further cause to the variety of different market designs and organisational forms we observe across but also within economic sectors. Ultimately, the MD-perspective offers additional insights into the functioning of markets in general and market places in China in particular.


Similar Titles:
Changing Ideology and China's Market Reform: A Weberian Perspective of Rethinking Ethos of Modern Capitalism

Market Design in Chinese Market Places


 
All Academic, Inc. is your premier source for research and conference management. Visit our website, www.allacademic.com, to see how we can help you today.