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date: 26 February 2021

Abstract and Keywords

This article has four main objectives: To provide concise, descriptive, sociologically informed accounts of financial markets and auction markets with particular attention to their interconnections, similarities and differences. To illustrate the central role that ‘pricing’ plays in both structuring and validating these markets. To examine the different ways in which market narratives and practices mould pricing. Finally, to review some of the various changes associated with technological developments and globalization that have transformed these markets including the way they price.

Keywords: auction markets, financial markets, pricing, globalization

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