Thanks for the excellent review!!

press.uchicago.edu/ucp/books/bo... and supports my contention that an economic sociology of digital markets should be an organizational sociology.

Empirically, the paper demonstrates the argument by showing how the modular division of labor among designers of auction markets for electricity in California persistently created new opportunities and incentives for destructive gaming. The paper expands on themes from my book, Failure by Design

create incentives and opportunities for gaming behavior that are difficult to detect. Given that the coordination requirements of digital markets differ from traditional organizations, I suggest that we likely need new theories to explain success and failure of this kind of digital coordination.

builds and manages the market. Here, I find, that a standard recommendation for designing platform systems - modularization - is actually at odds with the logic of coordination in digital markets. Rather than enable designers to control the system's complexity, modular divisions of labor tend to

An organizational sociology of digital markets offers both - and would allow us to talk about distributional outcomes in these markets in ways that don’t reduce to what applied economists are already doing. What do you think?

I think this is a particularly interesting direction for future research as classic questions about the social dynamics in markets have been somewhat exhausted and economic sociology needs a new paradigm that doesn’t just push against an outdated view of neoclassic economics.

I'd like to be added as well. Thank you!