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 1 - Tinkering in Markets for Collective Goods: Experiments, Exceptionalities and the Case of HIV Medications
from Part I - Market Designs and Market Misfires
Published online by Cambridge University Press: aN Invalid Date NaN
- 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 proposes that the manifold tinkering and experimenting that happens in and around markets and their infrastructures over time holds valuable lessons for the future design of these markets. More specifically, we argue that a fair and equitable market design can only be achieved if the legal and political mechanisms that have shaped that particular market over time are understood, and misfires and repair attempts of the past are acknowledged and reflected upon. Using a historical perspective, this chapter maps the decades-long tinkering behind the HIV medications market, a market that has historically misfired in and through its very blueprint, which is strongly framed by its legal infrastructures. To examine the experiments in this particular market to create a collective good, we trace the relevant laws, property rights provisions and amendments, market governance practices, and civil society actions over the past forty years. Reflecting on the many misfires of this market and the equally numerous attempts to repair it, our study considers market tinkering as a reaction to overflows as an iterative, experimental process, but one that is likely to never fully transcend the market’s formative blueprint. Ending on an optimistic note, though, we also think through ways of radically redesigning the market for essential medicines.
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- Market StudiesMapping, Theorizing and Impacting Market Action, pp. 23 - 37Publisher: Cambridge University PressPrint publication year: 2024