Description
Book SynopsisShows how concerns about status affect market competition. This book shows how anxieties about status influence whom a producer does (or does not) accept as a partner, the price a producer can charge, the ease with which a producer enters a market, how the producer's inventions are received, and the market segments the producer can enter.
Trade Review"This is a terrific book, a must-read. It will undoubtedly wield tremendous influence on the development of economic sociology."
—Ezra W. Zuckerman, Sloan School of Management, Massachusetts Institute of Technology"This book will appeal not only to organizational and economic sociologists but also to scholars in areas such as social inequality and status attainment, as well as to micro and industrial organization economists. Podolny advances his arguments with great care, and tests them with painstaking precision. The value of his ideas, and the research they will inspire, make this a worthy contribution to a number of fields."
—Mark Mizruchi, Professor of Sociology and Business Administration, University of Michigan, author of The Structure of Corporate Political ActionTable of ContentsLIST OF ILLUSTRATIONS ix LIST OF TABLES xi ACKNOWLEDGMENTS xiii INTRODUCTION: An Emergent Perspective from an Emergent Field 1 CHAPTER ONE: Status, Reputation, and Quality 10 CHAPTER TWO: The Matthew Effect (Un)bounded 22 CHAPTER THREE: Getting More for Less in the Investment Banking Industry 40 CHAPTER FOUR: To Mingle or Not to Mingle with the Hoi Polloi: That Is the Question 76 CHAPTER FIVE: The Medium, the Message, and the Signal 103 CHAPTER SIX: Status and Invention 132 CHAPTER SEVEN: Embeddedness and Entry 175 CHAPTER EIGHT: An Evolutionary Perspective on Status Segregation 199 CHAPTER NINE: Uncertainty Reconsidered 227 CHAPTER TEN: Conclusion 249 BIBLIOGRAPHY 267 CREDITS 279 INDEX 281
