The Cluster as Market Organisation
- 1 May 2004
- journal article
- research article
- Published by SAGE Publications in Urban Studies
- Vol. 41 (5-6), 991-1009
- https://doi.org/10.1080/00420980410001675878
Abstract
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.Keywords
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