Changing Landscapes
The Construction of Meaning and Value in a New Market Category—Modern Indian Art
Bibliographic Data
| ID | 23344799 |
|---|---|
| Authors | Mukti Khaire (Harvard University), R Daniel Wadhwani (0000-0002-9342-3285, University of the Pacific) |
| Year | 2010 |
| Volume | 53 |
| Issue | 6 |
| Pages | 1281-1304 |
| Publication date | 2010-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Academy of Management Journal (JOURNAL) |
| Journal identifiers | ISSN: 0001-4273 • E-ISSN: 1948-0989 |
| Publisher | Academy of Management (PUBLISHER • US) |
| DOI | 10.5465/amj.2010.57317861 |
| OpenAlex | W2092224324 |
| Language | EN |
| Citations received | 79 |
| References cited | 87 |
Stable category meanings act as institutions that facilitate market exchange by providing bases for comparison and valuation. Yet little is known about meaning construction in new categories or how meaning translates into valuation criteria. We address this gap in a descriptive study of these processes in an emerging category: modern Indian art. Discourse analysis revealed how market actors shaped the construction of meaning in the new category by reinterpreting historical constructs in ways that enhanced commensurability and enabled aesthetic comparisons and valuation. Analysis of auction transactions indicated greater intersubjective agreement about valuation over time as the new category institutionalized.
Business · Commensurability (mathematics) · Economics · Epistemology · Linguistics · Meaning (existential) · Positive economics · Sociology · Valuation (finance) · Accounting · Art History and Market Analysis · Management and Organizational Studies · Marketing · Mathematics · Philosophy · Social and Cultural Dynamics
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| Unique citing works | 79 |
|---|---|
| Citations per year | 5,64 |
| Citation span | 2012 - 2026 (15) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 72 |