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The concept of industrial quasi-market: Tracing the research programme evolution

Author

Listed:
  • Oksana V. Komarova

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Natalya Yu. Yaroshevich

    (Ural State University of Economics, Ekaterinburg, Russia)

Abstract

The crisis of modern economic theory and the model of market centric economy in particular entails the reconsideration of the essence, forms, and limits of the ongoing industrial markets’ transformation. Economic science and practice are in need to understand the specificities of market actors’ interface, overcome the entropy of existing concepts, and form a comprehensive model of economic development. The paper purports to advance the concept of industrial quasi-market at a meso-level and reveal the structural peculiarities thereof. Methodologically, the study rests on neoliberal and new institutional theories. The methods are theoretical-methodological analysis, generalisation, and comparison. The study has identified three branches in the formation of the concept of industrial quasi-market, within which the following its treatments are suggested: as a mechanism of interaction between business and the state; as interfirm and intrafirm interaction in an industrial market; and as a national mechanism of production organisation, distribution, and exchange. Based on the retrospective analysis of economic theories the study substantiates the concept of industrial quasi-market, and determines the attributes which may underlie the system of indicators for assessing its development. The findings refine the theoretical understandings of the industrial markets’ development, primarily of complex technological products, and allow designing methods for measuring the efficiency of market structures as well as industrial policy methods.

Suggested Citation

  • Oksana V. Komarova & Natalya Yu. Yaroshevich, 2024. "The concept of industrial quasi-market: Tracing the research programme evolution," Journal of New Economy, Ural State University of Economics, vol. 25(3), pages 6-25, December.
    • Handle: RePEc:url:izvest:v:25:y:2024:i:3:p:6-25
    DOI: 10.29141/2658-5081-2024-25-3-1
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    References listed on IDEAS

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    4. Bach Nguyen & Hoa Do & Chau Le, 2022. "How much state ownership do hybrid firms need for better performance?," Small Business Economics, Springer, vol. 59(3), pages 845-871, October.
    5. Alan Kirman, 2008. "Artificial Markets: Rationality and Organisation," Lecture Notes in Economics and Mathematical Systems, in: Klaus Schredelseker & Florian Hauser (ed.), Complexity and Artificial Markets, chapter 15, pages 195-234, Springer.
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    More about this item

    Keywords

    economic development; quasi-market; corporate structures; object-oriented demand; hybrid form; industrial quasi-market; theory of industrial organisation;
    All these keywords.

    JEL classification:

    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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