Structuration, knowledge coordination, and profit : modeling a microsociological theory of disequilibrium market dynamics
Abstract/Contents
- Abstract
- To develop a microsociological theory of market dynamics, this dissertation formalizes a theory of the co-evolution of social structure, interaction, individual knowledge, system-level coordination, and system-level behavior. The dissertation parameterizes the formal theory using transaction-level data from and structural characteristics of the global steel market. Through a computational implementation of the parameterized theory, the dissertation explores microsociological origins of system-level dynamics. In markets with imperfect information, mechanisms of social structural reproduction govern a telephone game in which sequences of actions communicate path dependent and noisy signals about the universe of actors' preferences and constraints. Variance in the mechanisms of structural reproduction yield differently coordinated systems. Using archetypal comparisons, the dissertation reveals that this socially contextualized coordination influences system-level outcomes. The dissertation approaches markets as inherently social objects, but consciously mimics most aspects of economics' perfect competition, thereby illuminating markets' irreducibly social nature. The dissertation's computational implementation of formal theory extends economic sociology as a microsociological theory of market dynamics, and creates a bridge to economics by offering a sociological model of dynamic imperfect information.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2013 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Johnson, John Chandler |
|---|---|
| Associated with | Stanford University, Department of Sociology. |
| Primary advisor | Granovetter, Mark S |
| Thesis advisor | Granovetter, Mark S |
| Thesis advisor | McFarland, Daniel |
| Thesis advisor | Walder, Andrew G. (Andrew George), 1953- |
| Advisor | McFarland, Daniel |
| Advisor | Walder, Andrew G. (Andrew George), 1953- |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | John Chandler Johnson. |
|---|---|
| Note | Submitted to the Department of Sociology. |
| Thesis | Ph.D. Stanford University 2013 |
| Location | electronic resource |
Access conditions
- Copyright
- © 2013 by John Chandler Johnson
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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