The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Producers’ Markets

  • Harrison C. White
  • Robert G. Eccles
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1526

Abstract

Any market is a social formation which decouples sellers from buyers exactly by turning the particular persons into occupants of roles. These roles form a transposable structure, which also translates items of offer into roles as commodities. Other varieties of such social formations are, for example, ritual prestation cycles of gifts, in which status and purity are computed via regularized offerings and receptions (such as Strathern’s The Rope of Moka, 1971). But all markets are decentralizing; they dissolve the global structure of flows in prestation institutions into locally accountable flows.

This is a preview of subscription content, log in to check access.

Bibliography

  1. Bailey, E.E., and A.F. Friedlander. 1982. Market structure and multiproduct industries. Journal of Economic Literature 20: 1024–1048.Google Scholar
  2. Chamberlin, E.H. 1933. The theory of monopolistic competition. 8th ed. Cambridge, MA: Harvard University Press, 1963.Google Scholar
  3. Kriedte, P., H. Medick, and J. Schlumbohm. 1981. Industrialization before industrialization. Trans. B. Schempp. London: Cambridge University Press.Google Scholar
  4. Leifer, E.M. 1985. Markets as mechanisms: Using a role structure. Social Forces 64: 442–472.CrossRefGoogle Scholar
  5. Leifer, E.M., and H.C. White. 1987. A structural approach to markets. In The structural analysis of business, ed. M. Mizruchi and M. Schwartz. London: Cambridge University Press.Google Scholar
  6. Sanderson, W.C. 1974. Does the theory of demand need the maximum principle? In Nations and households in economic growth, ed. P.A. David and M.W. Reder, 173–221. New York: Academic Press.Google Scholar
  7. Spence, A.M. 1974. Market signalling. Cambridge, MA: Harvard University Press.Google Scholar
  8. Spulbur, D.F. 1981. Spatial nonlinear pricing. American Economic Review 71: 921–933.Google Scholar
  9. Strathern, A. 1971. The rope of Moka. London: Cambridge University Press.CrossRefGoogle Scholar
  10. Telser, L.G. 1981. Why are there organized futures markets? Journal of Law and Economics 24: 1–22.CrossRefGoogle Scholar
  11. White, H.C. 1981a. Where do markets come from? American Journal of Sociology 87: 517–547.CrossRefGoogle Scholar
  12. White, H.C. 1981b. Production markets as induced role structures. In Sociological methodology 1981, ed. S. Leinhardt, 1–57. San Francisco: Jossey-Bass.Google Scholar
  13. White, H.C. 1987. Varieties of markets. In Social structures: A network approach, ed. B. Wellman and S.D. Berkowitz. London: Cambridge University Press.Google Scholar
  14. White, H.C., S.A. Boorman, and R.L. Breiger. 1976. Social structure from multiple networks. American Journal of Sociology 81: 730–780.CrossRefGoogle Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Harrison C. White
    • 1
  • Robert G. Eccles
    • 1
  1. 1.