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Keywords
Market Emergence; Crowds; Collective Behavior; Sensemaking; Logics; Conceptual Paper
Book Chapter
Seong S. (2017). A Theory of Crowds in Time and Space: Explaining the Cognitive Foundations of a New Market. In Emergence (Research in the Sociology of Organizations, Volume 50) (pp. 223-252). Emerald Publishing Ltd..
The ubiquity of digitally intermediated interactions is changing the ways in which social interaction creates the cognitive and institutional underpinnings of new markets. Logics that define markets used to be localized, but they now emerge from crowds that span – and persist – across time and space.