COLLECTIVE ACTION AND MARKET FORMATION: AN INTEGRATIVE FRAMEWORKn/a (2016)
We develop a novel framework to assess what collective action problems and solutions arise in market formation and under what conditions. Using a staged approach, we present a model centered on the development of market infrastructure with three important conditioning factors that influence the nature and extent of collective action problems: returns to contributions, excludability, and contribution substitutability. We then demonstrate the generalizability of our framework by applying it to a range of market formation contexts and derive a set of attendant propositions. Finally, we show how collective action problems and solutions evolve during market formation efforts. Overall, our work has important implications for organization theory, strategy, and entrepreneurship.
- Market Formation,
- Collective Action,
- Organization Theory,
Publication DateAugust, 2016
Citation InformationBrandon Lee, Jeroen Struben and Christopher B Bingham. "COLLECTIVE ACTION AND MARKET FORMATION: AN INTEGRATIVE FRAMEWORK" n/a (2016)
Available at: http://works.bepress.com/brandon_lee/8/