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

Oliver Schmidt ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Institutional Setting; Path Dependency; Market Characteristics; Uganda; Fish Market; Public Transport Market (search for similar items in EconPapers)
JEL-codes: D02 L14 O12 (search for similar items in EconPapers)
Date: 2007-08, Revised 2007-10
New Economics Papers: this item is included in nep-afr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5559

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