Prices as Social Facts
A Sociological Approach to Price Setting
Bibliographic Data
| ID | 4771813 |
|---|---|
| Authors | Fabien Eloire (0000-0002-6686-1378, Université de Lille), Jean Finez (0009-0006-4240-3854, Centre National de la Recherche Scientifique) |
| Year | 2023 |
| Volume | 64 |
| Issue | 3 |
| Pages | 325-356 |
| Publication date | 2023-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0003-9756 • E-ISSN: 1474-0583 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0003975623000395 |
| OpenAlex | W4306353801 |
| Language | EN |
| Citations received | 3 |
| References cited | 54 |
This article examines the issue of prices from a sociological standpoint. We show that, contrary to popular belief, price setting is always the result of social practices. We identify two main perspectives in the relevant literature. The first deals with the central notion of quality: price setting is a matter of judgement, arbitration and equipment. The second focuses on measurement practices, such as valuation and pricing, which occur before or during the transaction. These two complementary perspectives reveal a variety of processes that both determine prices and can be used to construct a typology based on two criteria: the moment of price setting, and the level of competition. Four different types of pricing mechanisms are distinguished: self-regulated, administered, composed, and bargained. We use examples to describe these different pricing types, and to show how such an approach contributes to our understanding of the economy
Economics · Positive economics · Social science · Sociological theory · Sociology · Economic Theory and Institutions · Political Economy and Marxism · Social Power and Status Dynamics
Markets in the Making
Principles of Economic Sociology
The Architecture of Markets
Price Theory and Business Behaviour
Tools of the trade
Durkheim's sociology, Simiand's positive political economy and the German historical school
The Rules of Sociological Method
Valuation as Evaluating and Valorizing
The Price of Art
Analysing the Symbolic Economy with Pierre Bourdieu
De l'espace hybride au monde social
La fabrique d'une solidarité nationale
Where do prices come from? Sociological approaches to price formation
Price as a Market Device
Who Pays the Price of Brokerage? Transferring Constraint through Price Setting in the Staffing Sector
Embeddedness and Price Formation in the Corporate Law Market
Pricing companies
Building a National Machine
Towards a unified theory of market prices
Price display technologies and price ceiling policies
Making materiality matter
Where do Analysts Come from? The Case of Financial Chartism
Calculators, Lemmings or Frame-Makers? The Intermediary Role of Securities Analysts
Arrangements for market intermediation and policies. Modernizing the fruit and vegetable market in France, 1950-1980
Matière à spéculer
The Moral Economy of the English Crowd in the Eighteenth Century
Le prix du compromis politique
La construction des prix à la SNCF, une socio-histoire de la tarification
Une approche sociologique de la concurrence sur un marché
What's a Fair Price? Price-Setting and Trading Partnerships in Javanese Markets
The Etiquette of Bargaining in the Middle East1
Constructing a Market, Performing Theory
A Status-Based Model of Market Competition
Price and Authority in Inter-Profit Center Transactions
The Social Structure of a National Securities Market
Where Do Markets Come From
The Categorical Imperative
The Meaning of Price in World Markets
Between arbitrage and speculation
Electric charges
| Unique citing works | 3 |
|---|---|
| Citations per year | 1 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |