Book contents
- Market Studies
- Market Studies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Introduction: The Multiple Pasts, Presents and Futures of Markets and Market Studies
- Part I Market Designs and Market Misfires
- Chapter 1 Tinkering in Markets for Collective Goods: Experiments, Exceptionalities and the Case of HIV Medications
- Chapter 2 Market Engineering: A New Problem for Market Studies?
- Chapter 3 Disentangling Marketization from Assetization? The Case of the Market for Social Investments
- Chapter 4 Factishing a Market
- Chapter 5 The Dynamics of Ongoing Market Maintenance through Centralized Market Work
- Part II Post-Performative Approaches to Studying Markets
- Part III Valuation
- Part IV Markets in Motion: Places and Spaces
- Part V The Secret Life of Market Studies Methods
- Part VI Broadening the Perspectives in Market Studies
- Part VII Future (Im)Perfect Markets
- Index
- References
Chapter 5 - The Dynamics of Ongoing Market Maintenance through Centralized Market Work
from Part I - Market Designs and Market Misfires
Published online by Cambridge University Press: 22 November 2024
Book contents
- Market Studies
- Market Studies
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgements
- Introduction: The Multiple Pasts, Presents and Futures of Markets and Market Studies
- Part I Market Designs and Market Misfires
- Chapter 1 Tinkering in Markets for Collective Goods: Experiments, Exceptionalities and the Case of HIV Medications
- Chapter 2 Market Engineering: A New Problem for Market Studies?
- Chapter 3 Disentangling Marketization from Assetization? The Case of the Market for Social Investments
- Chapter 4 Factishing a Market
- Chapter 5 The Dynamics of Ongoing Market Maintenance through Centralized Market Work
- Part II Post-Performative Approaches to Studying Markets
- Part III Valuation
- Part IV Markets in Motion: Places and Spaces
- Part V The Secret Life of Market Studies Methods
- Part VI Broadening the Perspectives in Market Studies
- Part VII Future (Im)Perfect Markets
- Index
- References
Summary
This chapter centres on the market maintenance of the Norwegian meat market arrangement. A market design created in the 1930s to guarantee minimum prices to farmers and weekly volume balancing is still in place. The market arrangement must be shaped to a 100 per cent equilibrium – volume balanced – at 13:00 every Wednesday, 52 times a year. The market operator, Totalmarked, performs ‘continuous market organizing’ through market coordination and market correction. Ongoing market maintenance activity is an overlooked theme within the Market Studies literature. In the chapter, we make no normative assessment of the performativity of the market design. Instead, the temporal dynamics of market maintenance as ongoing continuous organizing through four market work activities performed by a market operator are analysed. This broadens current conceptualizations of market design towards something that is incomplete, requiring constant market work. The chapter thereby emphasizes the work and devices involved in the ongoing stabilizing of an existing market. Totalmarked performs four market work activities to enact the market rules that underpin a long-standing market design in this heavy regulated, protected agricultural market. The chapter concludes by highlighting the interplay between place and market identity in Market Studies.
Keywords
- Type
- Chapter
- Information
- Market StudiesMapping, Theorizing and Impacting Market Action, pp. 81 - 96Publisher: Cambridge University PressPrint publication year: 2024
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