Nested markets: an institutional and relational perspective of analysis of the economic and commodity exchanges

Abstract

This paper presents the prospect of nested markets as socially constructed markets and embedded in relations between different agents that share a set of rules, norms, values and social conventions. From the analysis of two empirical cases - rural tourism in Roteiro Caminhos de Pedra and Feira do Pequeno Produtor de Passo Fundo / RS – it discusses the construction and dynamics of these markets, applying the framework of nested markets and their relationship with institutionalist approaches, especially with regard to the New Institutional Economics of Elinor Oström. The main scope is to demonstrate how socially constructed markets are related to broader markets and, therefore, do not operate in isolation, but are influenced and are constantly interacting with conventional markets. Keywords:

Keywords

• mercados agroalimentares
• construção social de mercados
• mercados imersos
• nova economia institucional