Networks as the Pipes and Prisms of the Market

Networks as the Pipes and Prisms of the Market

This article draws an analytical distinction between two types of market uncertainty: egocentric, which refers to a focal actor's uncertainty regarding the best way to convert a set of inputs to an output desired by a potential exchange partner, and altercentric, which denotes the uncertainty c...

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Veröffentlicht in:The American journal of sociology 2001-07, Vol.107 (1), p.33-60
1. Verfasser: Podolny, Joel M
Format: Artikel
Sprache:eng
Schlagworte:
Capitalism
Certainty
Child Care Centers
Economic sociology
Economics
Exchange
Exchange (Economics)
Individualized Instruction
Inferences
Institutionalization
Investment
Market
Market segments
Markets
Networks
Principles
Risk
Self Concept
Social Networks
Social Status
Sociology
Uncertainty
Venture capital
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Beschreibung
Zusammenfassung:This article draws an analytical distinction between two types of market uncertainty: egocentric, which refers to a focal actor's uncertainty regarding the best way to convert a set of inputs to an output desired by a potential exchange partner, and altercentric, which denotes the uncertainty confronted by a focal actor's exchange partners regarding the quality of the output that the focal actor brings to the market.
ISSN:0002-9602
1537-5390
DOI:10.1086/323038