commodity from an externality is the extent to which a market exists for the "good" in question. The common expression "markets …-existence of a market. It is most likely the result of confounding certain kinds of jointness in production with externality. I …

A new heterodox theory of market is suggested. Its key moments are presented. The theory is based on the distinction … between two market types – the simple commodity market and the capitalist one. Definitions of market and of each of its types …

A new heterodox theory of market and capitalism is suggested. Its key moments and general logic are presented. The … theory is based on the distinction between two market types – the simple commodity market and the capitalist one …. Disequilibrium and "imperfect competition" are admitted to be a functional norm of capitalist market. Respectively, an equilibrium …

discussion shows that the platform model combines and extends the basic Walrasian and Marshalian market models. The analysis … considers various theories explaining the bid-ask spread including market power, search costs, matching costs, adverse selection …, and moral hazard. The analysis also examines the role of platforms in endogenous price adjustment and market clearing. The …

A theoretical framework is proposed in which consumers and producers are seen as market actors coupled in behavior … product concepts give rise to product conceptual systems shared by market actors. The arguments are grounded in the … development of the paper clip product market, and researchable propositions focused on discernible elements of knowledge …

quantitative assessment of current IP policies. We focus particularly on the scale of the market, showing that as it increases, due …