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Lament for a market unmade

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNConference contribution/Paper

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Abstract

This paper presents a case study of market making. In addition to contributing to a sparse literature on this process, its primary contribution is to reveal how and why this attempt failed. It particularly relies on the evolutionary understanding of markets and market institutions provided by Loasby (2000) for theoretical insight.