Construct · 1 fields · 1 citations

status-based model of market competition: a standalone construct

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Economic sociology

the model that a producer's status signals quality under uncertainty, shaping costs, prices and which market niches it can enter.

In economic sociology, status-based model of market competition refers to the model that a producer's status signals quality under uncertainty, shaping costs, prices and which market niches it can enter. This meaning comes from Podolny (1993) in American Journal of Sociology.[1]

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Nearby constructs

market3 fields · 5 citationsjingle · one word, three constructs model3 fields · 3 citationsjingle · one word, three constructs quality6 fields · 13 citationsjingle · one name, six constructs

References

Podolny, J. M. (1993). A Status-Based Model of Market Competition. American Journal of Sociology, 98(4), 829-872. https://doi.org/10.1086/230091

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