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Temporary Markets in a Global Economy: An Example of Three Basel Art Fairs

Tina Haisch and Max-Peter Menzel

PEGIS from Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business

Abstract: Trade fairs are increasing in importance. The literature on the geography of markets examines their global expansion, but not how geographic proximity might be more vital for some of them. Studies on temporary clusters argue that trade fairs are beneficial for their particular knowledge ecologies, but would lose their function as markets as a result. We investigated trade fairs as markets. We especially looked at how objects, such as market devices that help to assess the value of things, intervene in the construction of these markets. Comparing three art fairs in Basel, our study shows the following: trade fairs are particular events shaped by a proliferation of market devices that do not exist outside the fairs; market devices act to differentiate fairs and create a hierarchy between them; trade fairs produce market devices that connect fairs. Global markets are built upon sequences of temporary, localized markets.

Keywords: temporary clusters; market construction; market devices; judgment devices; art (search for similar items in EconPapers)
Pages: 36 pages
Date: 2019
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