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

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’ inte...

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Main Authors: Oksana V. Komarova, Natalya Yu. Yaroshevich
Format: Article
Language:English
Published: Ural State University of Economics 2024-10-01
Series:Journal of New Economy
Subjects:
Online Access:https://jne.usue.ru/en/issues-2024/1458
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author Oksana V. Komarova
Natalya Yu. Yaroshevich
author_facet Oksana V. Komarova
Natalya Yu. Yaroshevich
author_sort Oksana V. Komarova
collection DOAJ
description 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.
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publishDate 2024-10-01
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series Journal of New Economy
spelling doaj-art-1298b2656a4245b7a82d44bbbd3dea952025-01-07T09:19:41ZengUral State University of EconomicsJournal of New Economy2658-50812687-00022024-10-0125362510.29141/2658-5081-2024-25-3-1 The concept of industrial quasi-market: Tracing the research programme evolutionOksana V. Komarova0Natalya Yu. Yaroshevich 1Ural State University of Economics, Ekaterinburg, RussiaUral State University of Economics, Ekaterinburg, RussiaThe 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.https://jne.usue.ru/en/issues-2024/1458economic developmentquasi-marketcorporate structuresobject-oriented demandhybrid formindustrial quasi-markettheory of industrial organisation
spellingShingle Oksana V. Komarova
Natalya Yu. Yaroshevich
The concept of industrial quasi-market: Tracing the research programme evolution
Journal of New Economy
economic development
quasi-market
corporate structures
object-oriented demand
hybrid form
industrial quasi-market
theory of industrial organisation
title The concept of industrial quasi-market: Tracing the research programme evolution
title_full The concept of industrial quasi-market: Tracing the research programme evolution
title_fullStr The concept of industrial quasi-market: Tracing the research programme evolution
title_full_unstemmed The concept of industrial quasi-market: Tracing the research programme evolution
title_short The concept of industrial quasi-market: Tracing the research programme evolution
title_sort concept of industrial quasi market tracing the research programme evolution
topic economic development
quasi-market
corporate structures
object-oriented demand
hybrid form
industrial quasi-market
theory of industrial organisation
url https://jne.usue.ru/en/issues-2024/1458
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