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When do market intermediaries sanction categorical deviation? The role of expertise, identity and competition

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This chapter studies the conditions under which market intermediaries reward or sanction market actors who deviate from the prevailing categorical order. The authors first assess how the expertise of a market intermediary -- an understudied determinant of their authority -- can lead to a positive evaluation of categorical deviation. Then, the authors identify two inhibitors that are likely to temper such positive appraisal: identity preservation and competition among market intermediaries. Factoring in both micro-level and macro-level dimensions of market dynamics, this chapter contributes to research on market intermediaries, the evolution of category systems, and more broadly, to the microfoundations of institutional change.
Bibliographic citation: Boulongne, Romain; Cudennec, Arnaud; Durand, Rodolphe, "When do market intermediaries sanction categorical deviation? The role of expertise, identity and competition". In: Patrick Haack, Jost Sieweke, and Lauri Wessel. Microfoundations of Institutions. UK: Emerald Publishing Limited, 2019. pp 67 - 83 (Research in the Sociology of Organisations; Vol. 65A).
Date: 15/11/2019
Author(s): Boulongne, Romain; Cudennec, Arnaud; Durand, Rodolphe
Document type: Chapter
Languages: English