IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/5559.html
   My bibliography  Save this paper

The becoming of a market - A reflection illustrated by two case studies from Uganda

Author

Listed:
  • Schmidt, Oliver

Abstract

This paper (9,201 words) argues that there is more to the becoming of a market than income-level of the buyer. A market is a fine webbed institutional setting that is worthwhile for economists to study. It argues that there are five characteristics to look at, namely demand, supply, and beyond the neo-classical model the ability to contract, the location (in space and time) to contract, and the purpose why the market was called into being. The interaction of these five characteristics shapes the development paths of markets. The framework is exemplarily applied to a commodity and a public good market, i. e. fish and minibus (“matatu”) services in Uganda, East Africa since the mid-1980ties.

Suggested Citation

  • Schmidt, Oliver, 2007. "The becoming of a market - A reflection illustrated by two case studies from Uganda," MPRA Paper 5559, University Library of Munich, Germany, revised Oct 2007.
  • Handle: RePEc:pra:mprapa:5559
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/5559/1/MPRA_paper_5559.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kenneth J. Arrow, 2002. "Distributed Information and the Role of the State in the Economy," International Economic Association Series, in: Richard B. Freeman (ed.), Inequality Around the World, chapter 11, pages 268-281, Palgrave Macmillan.
    2. Richard B. Freeman (ed.), 2002. "Inequality Around the World," International Economic Association Series, Palgrave Macmillan, number 978-1-137-09971-6, December.
    3. Casella, Alessandra, 1995. "Free Trade and Evolving Standards," CEPR Discussion Papers 1204, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Regina Kamuhanda & Oliver Schmidt, 2008. "Matatu: A Case Study of the Core Segment of the Public Transport Market of Kampala, Uganda," Transport Reviews, Taylor & Francis Journals, vol. 29(1), pages 129-142, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edward Nissan & Farhang Niroomand, 2010. "Distribution of income and expenditures across nations," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 34(2), pages 173-186, April.
    2. Elena Andreou & Alessandra Pelloni & Marianne Sensier, 2008. "Is Volatility Good for Growth? Evidence from the G7," Economics Discussion Paper Series 0804, Economics, The University of Manchester.
    3. Maksim Yemelyanau, 2008. "Inequality in Belarus from 1995 to 2005," CERGE-EI Working Papers wp356, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    4. Maskus, Keith E., 1997. "Should core labor standards be imposed through international trade policy?," Policy Research Working Paper Series 1817, The World Bank.
    5. Joseph A Clougherty & Michał Grajek, 2008. "The impact of ISO 9000 diffusion on trade and FDI: A new institutional analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(4), pages 613-633, June.
    6. Freeman, Richard B., 2010. "Labor Regulations, Unions, and Social Protection in Developing Countries," Handbook of Development Economics, in: Dani Rodrik & Mark Rosenzweig (ed.), Handbook of Development Economics, edition 1, volume 5, chapter 0, pages 4657-4702, Elsevier.
    7. Gindling, T.H. & Terrell, Katherine, 2007. "The effects of multiple minimum wages throughout the labor market: The case of Costa Rica," Labour Economics, Elsevier, vol. 14(3), pages 485-511, June.
    8. Belser, Patrick. & Rani, Uma., 2010. "Extending the coverage of minimum wages in India : simulations from household data," ILO Working Papers 994584553402676, International Labour Organization.
    9. Alessandra Casella, 1996. "Product Standards Coalitions in a Market Without Borders," NBER Working Papers 5853, National Bureau of Economic Research, Inc.
    10. Björn Brey & Matthias S. Hertweck, 2023. "The dynamic effects of monsoon rainfall shocks on agricultural yield, wages, and food prices in India," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(3), pages 616-654, July.
    11. Matthias Hoffman, 2004. "Compensating Wages Under Different Exchange Rate Regimes," Royal Economic Society Annual Conference 2004 46, Royal Economic Society.
    12. Margherita Comola & Luiz de Mello, 2009. "How Does Decentralised Minimum-Wage Setting Affect Unemployment and Informality?: The Case of Indonesia," OECD Economics Department Working Papers 710, OECD Publishing.
    13. Sergio Parrinello, 2002. "The 'institutional factor' in the theory of international trade: new vs. old trade theories," Chapters, in: Stephan Boehm & Christian Gehrke & Heinz D. Kurz & Richard Sturn (ed.), Is There Progress in Economics?, chapter 15, Edward Elgar Publishing.
    14. Benjamin, Dwayne & Brandt, Loren & Giles, John, 2005. "The Evolution of Income Inequality in Rural China," Economic Development and Cultural Change, University of Chicago Press, vol. 53(4), pages 769-824, July.
    15. Donatella Saccone, 2013. "Income concentration in China: what role for education?," International Journal of Education Economics and Development, Inderscience Enterprises Ltd, vol. 4(2), pages 101-116.
    16. repec:ilo:ilowps:458455 is not listed on IDEAS
    17. Michal Grajek, 2004. "Diffusion of ISO 9000 Standards and International Trade," CIG Working Papers SP II 2004-16, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    18. Kym Anderson, 1997. "Social Policy Dimensions of Economic Integration: Environmental and Labor Standards," NBER Chapters, in: Regionalism versus Multilateral Trade Arrangements, pages 57-90, National Bureau of Economic Research, Inc.
    19. Lemos, Sara, 2009. "Minimum wage effects in a developing country," Labour Economics, Elsevier, vol. 16(2), pages 224-237, April.
    20. Achim Kemmerling, 2003. "Regional Input on the Social Dimension of Ezoneplus: Belgium, The Netherlands, France, Austria, and Germany," Eastward Enlargement of the Euro-zone Working Papers wp13c, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Mar 2003.
    21. Jackson, Lee Ann, 2000. "An Economic Model Of Agricultural Labeling Policy Harmonization In International Trading Systems," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26012, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.

    More about this item

    Keywords

    Institutional Setting; Path Dependency; Market Characteristics; Uganda; Fish Market; Public Transport Market;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:5559. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.