IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v25y2024i3p6-25.html
   My bibliography  Save this article

The concept of industrial quasi-market: Tracing the research programme evolution

Author

Listed:
  • Oksana V. Komarova

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Natalya Yu. Yaroshevich

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

The crisis of modern economic theory and the model of market centric economy in particular entails the reconsideration of the essence, forms, and limits of the ongoing industrial markets’ transformation. Economic science and practice are in need to understand the specificities of market actors’ interface, overcome the entropy of existing concepts, and form a comprehensive model of economic development. The paper purports to advance the concept of industrial quasi-market at a meso-level and reveal the structural peculiarities thereof. Methodologically, the study rests on neoliberal and new institutional theories. The methods are theoretical-methodological analysis, generalisation, and comparison. The study has identified three branches in the formation of the concept of industrial quasi-market, within which the following its treatments are suggested: as a mechanism of interaction between business and the state; as interfirm and intrafirm interaction in an industrial market; and as a national mechanism of production organisation, distribution, and exchange. Based on the retrospective analysis of economic theories the study substantiates the concept of industrial quasi-market, and determines the attributes which may underlie the system of indicators for assessing its development. The findings refine the theoretical understandings of the industrial markets’ development, primarily of complex technological products, and allow designing methods for measuring the efficiency of market structures as well as industrial policy methods.

Suggested Citation

  • Oksana V. Komarova & Natalya Yu. Yaroshevich, 2024. "The concept of industrial quasi-market: Tracing the research programme evolution," Journal of New Economy, Ural State University of Economics, vol. 25(3), pages 6-25, December.
    • Handle: RePEc:url:izvest:v:25:y:2024:i:3:p:6-25
    DOI: 10.29141/2658-5081-2024-25-3-1
    as

    Download full text from publisher

    File URL: https://jne.usue.ru/images/download/104/1.pdf
    Download Restriction: no
    File URL: https://jne.usue.ru/ru/2024/1458
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2658-5081-2024-25-3-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Richard R. Nelson, 1987. "Roles of government in a mixed economy," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 6(4), pages 541-566.
    2. James Yunker, 2007. "A Comprehensive Incentives Analysis of the Potential Performance of Market Socialism," Review of Political Economy, Taylor & Francis Journals, vol. 19(1), pages 81-113.
    3. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-123, May.
    4. Bach Nguyen & Hoa Do & Chau Le, 2022. "How much state ownership do hybrid firms need for better performance?," Small Business Economics, Springer, vol. 59(3), pages 845-871, October.
    5. Alan Kirman, 2008. "Artificial Markets: Rationality and Organisation," Lecture Notes in Economics and Mathematical Systems, in: Klaus Schredelseker & Florian Hauser (ed.), Complexity and Artificial Markets, chapter 15, pages 195-234, Springer.
    Full references (including those not matched with items on IDEAS)

    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. Greer, Monica L., 2008. "A test of vertical economies for non-vertically integrated firms: The case of rural electric cooperatives," Energy Economics, Elsevier, vol. 30(3), pages 679-687, May.
    2. Roland Kirstein & Matthias Peiss, 2013. "Quantitative Machtkonzepte in der Ökonomik," FEMM Working Papers 130004, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    3. Peter G. Klein & Michael E. Sykuta, 2010. "Editors’ Introduction," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 1, Edward Elgar Publishing.
    4. Michal Plaček & Martin Schmidt & František Ochrana & Michal Půček, 2017. "Do the Selected Characteristics of Public Tenders Affect the Likelihood of Filing Petitions with the Regulators of Public Tenders?," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(3), pages 317-329.
    5. Christopher Hansman & Jonas Hjort & Gianmarco León-Ciliotta & Matthieu Teachout, 2020. "Vertical Integration, Supplier Behavior, and Quality Upgrading among Exporters," Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3570-3625.
    6. Feng, Fenling & Zhang, Jiaqi & Liu, Chengguang, 2023. "Integrated pricing mechanism of China Railway Express whole-process logistics based on the Stackelberg game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 609(C).
    7. Banterle, Alessandro & Stranieri, Stefanella, 2008. "The consequences of voluntary traceability system for supply chain relationships. An application of transaction cost economics," Food Policy, Elsevier, vol. 33(6), pages 560-569, December.
    8. de Bragança, Gabriel Godofredo Fiuza & Daglish, Toby, 2017. "Investing in vertical integration: electricity retail market participation," Energy Economics, Elsevier, vol. 67(C), pages 355-365.
    9. Matilde Cappelletti & Leonardo M. Giuffrida, 2024. "Targeted Bidders in Government Tenders," CESifo Working Paper Series 11142, CESifo.
    10. Heugens, P.P.M.A.R. & Kaptein, S.P. & van Oosterhout, J., 2007. "Contracts to Communities: A Processual Model of Organizational Virtue," ERIM Report Series Research in Management ERS-2007-023-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    11. Jascha-Alexander Koch & Jens Lausen & Moritz Kohlhase, 2021. "Internalizing the externalities of overfunding: an agent-based model approach for analyzing the market dynamics on crowdfunding platforms," Journal of Business Economics, Springer, vol. 91(9), pages 1387-1430, November.
    12. Claessens, Constantijn A. & Djankov, Simeon & Joseph P. H. Fan & Lang, Larry H. P., 1998. "Diversification and efficiency of investment by East Asian corporations," Policy Research Working Paper Series 2033, The World Bank.
    13. Bernd Görzig & Andreas Stephan, 2002. "Outsourcing and Firm-level Performance," Discussion Papers of DIW Berlin 309, DIW Berlin, German Institute for Economic Research.
    14. Simon Schumacher & Stephan Paul, 2017. "Capital Markets Union – Promising Prospects for Corporate Financing?," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 289-304, August.
    15. L. Lambertini, 2013. "Coordinating Static and Dynamic Supply Chains with Advertising through Two-Part Tariffs," Working Papers wp874, Dipartimento Scienze Economiche, Universita' di Bologna.
    16. Ferguson, Shon & Formai, Sara, 2013. "Institution-driven comparative advantage and organizational choice," Journal of International Economics, Elsevier, vol. 90(1), pages 193-200.
    17. Yutaka Suzuki, 2021. "Collusion, Shading, and Optimal Organization Design in a Three-tier Agency Model with a Continuum of Types," Annals of Economics and Finance, Society for AEF, vol. 22(2), pages 317-365, November.
    18. Claude Ménard, 2022. "Hybrids: where are we?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04012150, HAL.
    19. Oliver Gürtler, 2010. "Haggling for Rents, Relational Contracts, and the Theory of the Firm," Schmalenbach Business Review (sbr), LMU Munich School of Management, vol. 62(4), pages 359-377, October.
    20. Korhonen, J. & Zhang, Y. & Toppinen, A., 2016. "Examining timberland ownership and control strategies in the global forest sector," Forest Policy and Economics, Elsevier, vol. 70(C), pages 39-46.

    More about this item

    Keywords

    economic development; quasi-market; corporate structures; object-oriented demand; hybrid form; industrial quasi-market; theory of industrial organisation;
    All these keywords.

    JEL classification:

    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    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:url:izvest:v:25:y:2024:i:3:p:6-25. 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: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    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.