IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i6p3446-d520842.html
   My bibliography  Save this article

The Analysis of Local Marketplace Business on the Selected Urban Case—Problems and Perspectives

Author

Listed:
  • Marko D. Petrović

    (Geographical Institute “Jovan Cvijić” of the Serbian Academy of Sciences and Arts, 11000 Belgrade, Serbia
    Institute of Sports, Tourism and Service, South Ural State University, 454080 Chelyabinsk, Russia)

  • Edna Ledesma

    (Department of Planning and Landscape Architecture, University of Wisconsin-Madison, Madison, WI 53706, USA)

  • Alfonso Morales

    (Department of Planning and Landscape Architecture, University of Wisconsin-Madison, Madison, WI 53706, USA)

  • Milan M. Radovanović

    (Geographical Institute “Jovan Cvijić” of the Serbian Academy of Sciences and Arts, 11000 Belgrade, Serbia
    Institute of Sports, Tourism and Service, South Ural State University, 454080 Chelyabinsk, Russia)

  • Stefan Denda

    (Geographical Institute “Jovan Cvijić” of the Serbian Academy of Sciences and Arts, 11000 Belgrade, Serbia)

Abstract

Local marketplaces and street vendors represent an important segment of trade in a community and one of the initiators of the rural and peri-urban development. Agricultural and other products available at marketplaces and street vendors very often originate from a wider urban surrounding or nearby villages, so both are also an important factor of the daily migrations, exchange of goods, services, and money on the relation suburb-downtown and village-town/city. This study aims to analyze the social segments of the organization and operation of marketplaces, to provide an insight into the contemporary market processes and decision-making, and also to illustrate the future tendencies of the market outcomes of this aspect of the business. Using qualitative data processing, the results of one of the first empirical research on this topic in Serbia and this part of Europe will be analyzed. The results will show the economic, social, and cultural impact that marketplaces have on people’s everyday life and the economy of Serbia, along with defining future development guidelines. Besides, the findings of this research may be used by local authorities, the economy, and communities for future strategic development planning of this market segment. The outcomes may have an impact on future research of other aspects of marketplaces depending on the difference of regions, on one side, and also alternative opportunities for local development in less-advantaged communities, on the other side. Moreover, this contributes to the identification of the differences in the marketplace business management and sheds light on future initiatives for the encouragement of this local/global process.

Suggested Citation

  • Marko D. Petrović & Edna Ledesma & Alfonso Morales & Milan M. Radovanović & Stefan Denda, 2021. "The Analysis of Local Marketplace Business on the Selected Urban Case—Problems and Perspectives," Sustainability, MDPI, vol. 13(6), pages 1-15, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:6:p:3446-:d:520842
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/6/3446/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/6/3446/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sherry, John F, Jr, 1990. "A Sociocultural Analysis of a Midwestern American Flea Market," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 17(1), pages 13-30, June.
    2. Alfonso Morales & Steven Balkin & Joseph Persky, 1995. "The Value of Benefits of a Public Street Market: The Case of Maxwell Street," Economic Development Quarterly, , vol. 9(4), pages 304-320, November.
    3. Patrícia Schappo & Rianne van Melik, 2017. "Meeting on the marketplace: on the integrative potential of The Hague Market," Journal of Urbanism: International Research on Placemaking and Urban Sustainability, Taylor & Francis Journals, vol. 10(3), pages 318-332, July.
    4. Bonanno, Alessandro & Berning, Joshua & Etemaadnia, Hamideh, 2017. "Farmers Market Locations and Their Determinants: An Empirical Analysis in New England," Agricultural and Resource Economics Review, Cambridge University Press, vol. 46(3), pages 479-506, December.
    5. Emil van Eck & Rianne van Melik & Joris Schapendonk, 2020. "Marketplaces as Public Spaces in Times of The Covid‐19 Coronavirus Outbreak: First Reflections," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 111(3), pages 373-386, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefan Denda & Marko D. Petrović & Zlata Vuksanović-Macura & Milan M. Radovanović & Edna Ely-Ledesma, 2024. "What Are the Current Directions in the Local Marketplaces Fiscalization? The Online Media Content Analysis," Societies, MDPI, vol. 14(4), pages 1-22, April.
    2. Nikola Vuksanović & Dunja Demirović Bajrami & Marko D. Petrović & Milan M. Radovanović & Slavica Malinović-Milićević & Adriana Radosavac & Valentina Obradović & Maja Ergović Ravančić, 2024. "The Role of Culinary Tourism in Local Marketplace Business—New Outlook in the Selected Developing Area," Agriculture, MDPI, vol. 14(1), pages 1-20, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jeffrey K. O'Hara & Nony Dutton & Nick Stavely, 2022. "The influence of farmers markets' characteristics on vendor sales," Agribusiness, John Wiley & Sons, Ltd., vol. 38(2), pages 295-311, April.
    2. Alfonso Morales, 2021. "On Farmers Markets as Wicked Opportunities," Sustainability, MDPI, vol. 13(11), pages 1-9, May.
    3. Edna Ledesma, 2021. "How Urban Planning Impacts Latino Vendor Markets," Sustainability, MDPI, vol. 13(9), pages 1-19, May.
    4. Lo, Ada & Qu, Hailin, 2015. "A theoretical model of the impact of a bundle of determinants on tourists’ visiting and shopping intentions: A case of mainland Chinese tourists," Journal of Retailing and Consumer Services, Elsevier, vol. 22(C), pages 231-243.
    5. Eva Cerio, 2022. "How parents handle the disposal of their children's toys: an emotional and controlled process [Comment les parents gèrent la séparation des jouets de leurs enfants : un processus émotionnel et cont," Post-Print hal-03588879, HAL.
    6. List, John A. & Neilson, William S. & Price, Michael K., 2016. "The effects of group composition in a strategic environment: Evidence from a field experiment," European Economic Review, Elsevier, vol. 90(C), pages 67-85.
    7. Ivana Rakonjac & Ana Zorić & Ivan Rakonjac & Jelena Milošević & Jelena Marić & Danilo Furundžić, 2022. "Increasing the Livability of Open Public Spaces during Nighttime: The Importance of Lighting in Waterfront Areas," Sustainability, MDPI, vol. 14(10), pages 1-25, May.
    8. Pascucci, Stefano & Cicatiello, Clara & Franco, Silvio & Pancino, Barbara & Davide, Marino, 2011. "Back to the Future? Understanding Change in Food Habits of Farmers' Market Customers," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(4), pages 1-22, November.
    9. Chun-Tuan Chang & Zhao-Hong Cheng, 2015. "Tugging on Heartstrings: Shopping Orientation, Mindset, and Consumer Responses to Cause-Related Marketing," Journal of Business Ethics, Springer, vol. 127(2), pages 337-350, March.
    10. Korkman, Oskar & Storbacka, Kaj & Harald, Bo, 2010. "Practices as markets: Value co-creation in e-invoicing," Australasian marketing journal, Elsevier, vol. 18(4), pages 236-247.
    11. Kuo-Chien Chang, 2017. "Feeling leads to believing: a Kansei-based approach to explore website users’ purchase intention in the travel agency sector," Information Systems and e-Business Management, Springer, vol. 15(1), pages 21-50, February.
    12. Gunvor Jónsson & Maria Lindmäe & Joanna Menet & Emil Van Eck, 2023. "‘ALL EYES ON ME’: The (In)Formal Barriers to Market Trade in Europe," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 47(2), pages 221-236, March.
    13. Huang, Lingchen & Liu, Bin & Zhang, Rong, 2024. "Channel strategies for competing retailers: Whether and when to introduce live stream?," European Journal of Operational Research, Elsevier, vol. 312(2), pages 413-426.
    14. Breazeale, Michael & Ponder, Nicole, 2013. "Get the picture? Visual servicescapes and self-image congruity," Journal of Business Research, Elsevier, vol. 66(7), pages 839-846.
    15. Emil van Eck & Rianne van Melik & Joris Schapendonk, 2020. "Marketplaces as Public Spaces in Times of The Covid‐19 Coronavirus Outbreak: First Reflections," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 111(3), pages 373-386, July.
    16. Varman, Rohit & Costa, Janeen Arnold, 2009. "Competitive and Cooperative Behavior in Embedded Markets: Developing an Institutional Perspective on Bazaars," Journal of Retailing, Elsevier, vol. 85(4), pages 453-467.
    17. Zhao-Hong Cheng & Chun-Tuan Chang & Yu-Kang Lee, 2020. "Linking hedonic and utilitarian shopping values to consumer skepticism and green consumption: the roles of environmental involvement and locus of control," Review of Managerial Science, Springer, vol. 14(1), pages 61-85, February.
    18. Abdul-Ghani, Eathar & Hyde, Kenneth F. & Marshall, Roger, 2011. "Emic and etic interpretations of engagement with a consumer-to-consumer online auction site," Journal of Business Research, Elsevier, vol. 64(10), pages 1060-1066, October.
    19. Akram, Umair & Junaid, Muhammad & Zafar, Abaid Ullah & Li, Zhiwen & Fan, Mingyue, 2021. "Online purchase intention in Chinese social commerce platforms: Being emotional or rational?," Journal of Retailing and Consumer Services, Elsevier, vol. 63(C).
    20. Chung-Ho Su, 2018. "Exploring Sustainability Environment Educational Design and Learning Effect Evaluation through Migration Theory: An Example of Environment Educational Serious Games," Sustainability, MDPI, vol. 10(10), pages 1-26, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:6:p:3446-:d:520842. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.