Hazards of the Market
The Continuity and Dissolution of Interorganizational Market Relationships
Datos Bibliográficos
| ID | 5248554 |
|---|---|
| Autores | Wayne E Baker, Robert R Faulkner, Gene A Fisher |
| Año | 1998 |
| Volumen | 63 |
| Número | 2 |
| Páginas | 147 |
| Fecha de publicación | 1998-04-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | American Sociological Review (JOURNAL) |
| Identificadores de la revista | ISSN: 0003-1224 • E-ISSN: 1939-8271 |
| Editorial | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.2307/2657321 |
| OpenAlex | W2091400259 |
| Idioma | EN |
| Citas recibidas | 66 |
We propose a theory of the market as an intertemporal process that integrates multiple theoretical perspectives. Using event-history methods, we analyze the dissolution of interorganizational market ties between advertising agencies and their clients as a function of three forces-competition, power, and institutional forces. The informal rules of institutionalized in the emergence phase of the advertising services market include exclusivity (sole-source) and loyalty (infrequent switching). We find that most exchange relationships between advertising agencies and their clients are indeed exclusive, and most last for several years; but competition, power, and institutional forces support or undermine these rules. Most institutional forces reduce the risk of dissolution of agency-client ties. Powerful advertising agencies mobilize resources to increase tie stability, but powerful clients mobilize resources to increase or decrease stability. Competition is the weakest market force, but it has a consistent and substantial effect on tie dissolution: Competition always increases the risk of dissolution. We conclude that the market is institutionalized as imperfectly repeated patterns of exchange, because competition and changing norms about the duration of market ties destabilize market relationships
Agency (philosophy · Business · Competition (biology · Economics · Function (biology · Industrial organization · Loyalty · Market concentration · Market economy · Market power · Market structure · Power (physics · Sociology · Business Strategy and Innovation · Innovation and Knowledge Management · Management and Organizational Studies · Marketing
Market Relations and the Competitive Process
Embedded trust
The Organization of Markets
Tie Dissolution in Market Networks
Institutional Forms and Organizational Structures
Skopische Medien
Intertwined Cultural and Relational Environments of Organizations
Ties That Last
Bridge decay
Interview with Thomas Piketty
Sociology of Markets
Self-Employment in the Information Economy
Regional Policy Against Poverty (example of Irkutsk region)
Stray Thoughts on How It Might Go
Distinctiveness of Japan
Relational Exchange and the Degree of Embeddedness
Welcome to Florida
A Market In Vogue, Fashion Photography in Sweden
Global Financial Crises in Post-Socialist Countries
I Was Never Interested in Collective Production of Ideas
European Vegetable in Korean Soup or as How They Teach the Employees in Eastern Business-School
Exchange, Action, and Social Structure
Global markets as global conversations
Political exchanges in the French funeral market
Be the leader», or «Everything is to your pocket»
A New Big Work about Durkheim and Economic Sociology
Empire” or Goodbye to Contemporary. Review on the Book by
Legitimacy Worlds”
Sociology of Internet
Market as an Object of Attachment
From Pipes to Scopes
Building community, legitimating consumption
The Epistemics of Information
Revealing preferential circulation—how the use of places serves localized entrepreneurs’ capabilities
The Wall Street Culture
You have to go hunting for information’
Nonprofit Alliance in China
Being trusted
Invoices on scraps of paper
The Feeble Strength of One? Interdependence, Strategic Interaction, and the Decentralization of Collective Bargaining
Ties that tear apart
Building Trust in Economic Space
Collaboration, competition, and co-opetition
Them That’s Got
Financial Markets, Money, and Banking
Global Microstructures
The Market as an Object of Attachment
The Conditional Nature of Embeddedness
Le renouveau de la sociologie économique
Incentives and Governance of Distributor Networks
La réinvention américaine de la sociologie économique
Ordering competition
Embeddedness in the Making of Financial Capital
Interorganizational Determinants of Promotion
Embeddedness and Contractual Relationships in China's Transitional Economy
A sociologia dos mercados
Mettre en concurrence ses fournisseurs-partenaires
Risk, Opportunism, and Structural Holes
Inhabiting Technology
Dynamics of Dyads in Social Networks
Outsourcing and the Changing Nature of Work
The Sociology of Markets
(When) Do Organizations Have Social Capital
Networks, Information Transfer, and Status Conferral
The source, structure, and stability of control over Japan's financial sector
Bourdieu and organizational analysis
| Obras citantes distintas | 66 |
|---|---|
| Citas por año | 2,44 |
| Intervalo de citas | 1999 - 2024 (26) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 66 |