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Unpublished Paper
COLLECTIVE ACTION AND MARKET FORMATION: AN INTEGRATIVE FRAMEWORK
n/a (2016)
  • Brandon Lee
  • Jeroen Struben, McGill University
  • Christopher B Bingham, University of North Carolina at Chapel Hill
Abstract
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.
Keywords
  • Market Formation,
  • Collective Action,
  • Entrepreneurship,
  • Markets,
  • Organization Theory,
  • Strategy
Publication Date
August, 2016
Citation Information
Brandon 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/