The Cluster as Market Organization

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The Cluster as Market Organization

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dc.contributor.author Maskell, Peter en_US
dc.contributor.author Lorenzen, Mark en_US
dc.date.accessioned 2009-02-04T10:26:34Z
dc.date.available 2009-02-04T10:26:34Z
dc.date.issued 2003-12-15T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7265
dc.description.abstract The many competing schools of thought concerning themselves with industrial clusters have at least one thing in common: they all agree that clusters are real life phenomena characterized by the co-localization of separate economic entities, which are in some sense related, but not joined together by any common ownership or management. So hierarchies they are certainly not. Yet, it is usually taken for granted that clusters, almost regardless of how they are defined, all expatriate the 'swollen middle' of various hybrid 'forms of long-term contracting, reciprocal trading, regulation, franchising and the like' residing somewhere between hierarchies and markets. This fundamental (but usually implicit) assumption would, perhaps, be justified if markets could be reduced to events of exchange of property rights, between large numbers of price-taking anonymous buyers and sellers supplied with perfect information as they are commonly conceived in mainstream economics. One of the original attractions of Neoclassical price theory was precisely that it promised a way of analysing the economy in general and market exchange in particular independently of specific institutional settings. However, introducing transaction costs as more than fees paid to intermediaries leads inevitably to comparative institutional analysis and, not to be forgotten, to the perception of markets as institutions with specific characteristics of their own. Some sets of characteristics are so common that they represent a specific market organization or market form. The cluster is one such specific market organization that is structured along territorial lines because this enables the building of a set of institutions that are helpful in conducting certain kinds of economic activities. en_US
dc.format.extent 29 s. en_US
dc.language eng en_US
dc.relation.ispartofseries DRUID Working Paper;2003-14 en_US
dc.subject.other industrielle klynger en_US
dc.subject.other transaktionsomkostninger en_US
dc.subject.other industrial organization en_US
dc.subject.other industriøkonomi en_US
dc.subject.other videnoverførsel en_US
dc.title The Cluster as Market Organization en_US
dc.type wp en_US
dc.accessionstatus modt03dec15 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Industriøkonomi og Virksomhedsstrategi en_US
dc.contributor.departmentshort IVS en_US
dc.contributor.departmentuk Department of Industrial Economics & Strategy en_US
dc.contributor.departmentukshort IES
dc.idnumber x645152039 en_US
dc.publisher.city København en_US
dc.publisher.year 2003 en_US


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