When Being in the Minority Pays Off: Relationships among Sellers and Price Setting in the Champagne Industry
American Sociological Review, pp. 147-178, 2017.
Economic sociologists have studied how social relationships shape market prices by focusing mostly on vertical interactions between buyers and sellers. In this article, we examine instead the price consequences of horizontal relationships that arise from intergroup processes among sellers. Our setting is the market for Champagne grapes. U...More
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