Skip to main content

Theories of markets: Insights from marketing and the sociology of markets

Buy Article:

$22.74 plus tax (Refund Policy)

Abstract:

The unclear understanding of markets creates a gap that deters the construction of a Theory of Markets. The aim here is to disambiguate, for the marketing reader, the use of the market concept. To further this aim, a literature review surveys three approaches anchored not only in marketing but also in the sociology of markets. From the sociology of markets, Network analysis, Field analysis, and Performativity are used. From marketing, Trade arenas of price uniformity, Consumers' cognitive frameworks, and Value systems are used. This literature review reveals that, to a large extent in mainstream marketing, markets are taken for granted. However, research streams within marketing, such as IMP, Macromarketing, or Service-Dominant Logic, have developed novel understandings of markets. This is the first time that a literature review on markets outlines understandings from both marketing and the sociology of markets.

Keywords: CONSUMER CULTURE; MARKET DYNAMICS; MARKET THEORY; PERFORMATIVITY; SERVICE SYSTEMS

Document Type: Research Article

DOI: https://doi.org/10.1362/146934712X13286274424316

Publication date: 2012-03-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more