Production and organization

Harald Bathelt and Johannes Glückler

Chapter 5 in Concise Introduction to Relational Economic Geography, 2026, pp 57-67 from Edward Elgar Publishing

Abstract: This chapter distinguishes three modes of governance of economic production relations: price, hierarchy and trust. Building on foundational work in transaction cost economics, economic sociology and organization studies, the chapter discusses the conditions that affect different forms of economic organization: markets, firms, networks and projects. Each of these basic forms can be viewed as a response to prior, as well as a precondition for future, location decisions.

Keywords: Embeddedness; Firm; Market; Network; Project; Transaction cost (search for similar items in EconPapers)
Date: 2026
ISBN: 9781802204971
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