Liis Ojamäe () (Tallinn University Department of Sociology)
Abstract
Forms and dynamics of institutionalisation that structure the market conduct and actors are essential for understanding the development of a young emerging market. In the paper, professionalisation as a process of occupational institutionalisation and professionalism as a value system are discussed on the conceptual and empirical level, conceiving them primarily as means to create social order in the market. The article focuses on respective processes in the Estonian housing market, comparing two fields of conduct: brokering and appraising of residential property. On the basis of qualitative analysis, the reasons why appraisers can be considered as professionally institutionalised in housing market while the field of brokering lacks certain substantial elements enabling to control the field successfully are discussed. However, on the level of everyday social interaction both the brokers and appraisers are socially constructing and maintaining the category of professionalism as a symbolic device, and as an important part of identity of the actors.
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Publisher Info
Paper provided by School of Economics and Business Administration, Tallinn University of Technology in its series Working Papers with number
157.
Length: 19 Date of creation: 2007 Date of revision: Publication status: Published in Working Papers in Economics.School of Economics and Business Administration,Tallinn University of Technology (TUTWPE), Pages 39-57 Handle: RePEc:ttu:wpaper:157
Find related papers by JEL classification: D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights R31 - Urban, Rural, and Regional Economics - - Production Analysis and Firm Location - - - Housing Supply and Markets Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology
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