A Status-based Model of Market Competition  

Oleh:

Podolny, Joel M.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: AJS: American Journal of Sociology vol. 98 no. 04 (Jan. 1993), page 829-872.
Topik: extensions; market; investment banks

Ketersediaan

Perpustakaan PKPM Nomor Panggil: A13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This article explores the significance of status processes for generating and reproducing hierarchy among produ.cers in a market. It develops a conception of a market as a status order in which each producer's status position circumscribes the producer's actions by providing a unique cost and revenue profile for manufacturing a good of a given level of quality. An examination of pricing behavior among investment banks in the underwriting of corporate securities provides empirical support for this status-based model of market competition. Extensions are discussed.

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