Electronic Versus Specialist Trading: A Comparison of Trading Quality at the Archipelago Exchange and the NYSE

2007 ◽  
Author(s):  
Jerry Wenjiu Liu
Keyword(s):  
Specialist Trading

scholarly journals Theories of ethnicity and the dynamics of ethnic change in multiethnic societies

2015 ◽  
Vol 112 (30) ◽  
pp. 9176-9181 ◽  
Author(s):  
Richard E. Blanton
Keyword(s):  
Ethnic Group ◽  
Costly Signaling ◽  
Signaling System ◽  
Long Distance ◽  
Collective Management ◽  
Effective Form ◽  
Management Of Resources ◽  
Specialist Trading ◽  
Group Members ◽  
Multiethnic Societies

I modify Fredrik Barth’s approach, which sees ethnic group building as a signaling system, to place it within a framework that draws from collective action and costly signaling theories. From these perspectives, ethnic signaling, although representing a costly penalty to group members, is one effective form of communication that facilitates collective management of resources. I then identify three contexts in which the benefits of ethnic group building are likely to outweigh its signaling costs: in politically chaotic refuge and periphery zones; in the context of long-distance specialist trading groups; and within the territorial scope of failed states. I point to selected data from the Mughal and Aztec polities to illustrate how a combination of effective public goods management, in highly collective states, and the growth of highly integrated commercial economies will render ethnic group building superfluous.

Sign in / Sign up

Export Citation Format

Share Document