Journal article

Publication year: 2007

Pages: 493-502

Journal: Journal of Institutional and Theoretical Economics

Volume number: 163

Issue number: 3

ISSN: 0932-4569

DOI Link: https://doi.org/10.1628/093245607781871318

Publisher: Mohr Siebeck

Abstract: 
Individuals related to an organization develop organizational cultures, which in turn determine individuals' interactions. This idea is applied to markets and their spatial dimension, the marketplaces. The paper treats open-air horse markets. It is shown how horse traders, their customers, and state authorities influence the development of a particular market culture and how this promotes trade. Additionally, the paper seeks to explain why seemingly anachronistic open-air horse markets still exist in an industrialized society.

Harvard Citation style: Egbert, H. (2007) The culture of a market: A case study of open-air horse markets, Journal of Institutional and Theoretical Economics, 163(3), pp. 493-502. https://doi.org/10.1628/093245607781871318

APA Citation style: Egbert, H. (2007). The culture of a market: A case study of open-air horse markets. Journal of Institutional and Theoretical Economics. 163(3), 493-502. https://doi.org/10.1628/093245607781871318