The Cluster as Market Organisation
This paper views clusters as a specific spatial configuration of the economy suitable for the creation, transfer and usage of knowledge. It investigates how the modern exchange-economy becomes organised as rent-seeking firms build network relations to create knowledge and obtain resource efficiency while keeping transaction costs at bay. It moves on to consider the cluster as an emerging, self-organising, attractive alternative for interfirm relationships in cases where (global) network formation becomes a less feasible strategy. The paper empirically investigates two industries where clustering for different reasons might be considered superior to other forms of market organisation.
Year of publication: |
2004
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Authors: | Maskell, Peter ; Lorenzen, Mark |
Published in: |
Urban Studies. - Urban Studies Journal Limited. - Vol. 41.2004, 5-6, p. 991-1009
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Publisher: |
Urban Studies Journal Limited |
Saved in:
Online Resource
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