Pub. date: 2007 | Online Pub. Date: September 15, 2007 | DOI: 10.4135/9781412952613 | Print ISBN: 9781412905794 | Online ISBN: 9781412952613| Publisher:SAGE Publications, Inc.About this encyclopedia
Damien Contandriopoulos & Carl-Ardy Dubois
Quasi-markets, also sometimes described as planned markets or internal markets, are organizationally designed and supervised markets intended to bring us more efficiency and choice than bureaucratic delivery systems while maintaining more equity, accessibility, and stability than conventional markets. From the viewpoint of economics, a market is an exchange mechanism of commodities that is able to match supply and demand, mostly through price adjustments. In this way, a market can also be conceptualized as a self-adjusting monetary incentive system that influences the behavior of consumers and providers so they agree on terms of exchange. Quasimarkets are also an exchange system that aims to emulate competitive markets' characteristics of being self-adjusting incentive systems that influence consumers' and providers' behaviors. However, those systems are “quasi” markets because they have characteristics both at supply and demand levels that differentiate them from conventional markets. On the supply side, quasi-markets are a form of market system ...