Paper info: Lament for a Market Unmade
Title
Lament for a Market Unmade
Authors
Damien McLoughlin
University College Dublin
Ireland
Geoff Easton
Lancaster University
United Kingdom
Luis Araujo
University of Manchester
United Kingdom
Place of Publication
The paper was published at the 19th IMP-conference in Lugano, Switzerland in 2003.
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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.