Markets and Valuation Group
The group examines situations in which markets have been implemented as tools to solve environmental and social problems.
About Us
The Markets and Valuation Group focused on what we termed markets for collective concerns. The group examined situations in which markets had been implemented as tools to solve environmental and social problems.
Research orientation
The group paid particular attention to market design and other forms of expertise that claimed to make markets work more effectively as means of addressing matters of collective concern.
The research sat at the intersections of economic sociology, science and technology studies, and organization theory.
The group is part of WETO – Work, Expertise, Technology and Organization
Research at the Markets and Valuation Group
Projects (Panel content)
Green transition through dynamics of problematizations: How forms of expertise influence the financial and social valuation of energy resources in Denmark
Duration: 01-01-2021 – 31-12-2023
Abstract
This project advanced the understanding of green transitions by examining “dynamics of problematization,” describing the interplay and tensions among modes of expertise that informed the social and financial valuation of energy resources in energy governance.
Research focus
The project studied how expertise—expressed as ideas, models, and calculative tools from different scientific domains—shaped governance practices and valuation processes. It also explored alternative valuation metrics across gas, wind, and biomass.
Collaboration
Partners included Aalborg University and the Technical University of Denmark.
Status: Finished
Project participants
Partner: Peter Holm Jacobsen
EcoGrid 2.0
Duration: 01.01.2016 – 30.06.2019 (BEOF until 31.12.2019)
EcoGrid 2.0 investigated the potential for creating flexibility in household electricity consumption by controlling usage within defined boundaries. The project explored how the electricity market could adapt to future fluctuations caused by wind and solar energy.
Collaboration
Project partners included Dansk Energi (lead), BEOF, DTU, CBS, IBM, Insero, Uptime, 2+1, and Krukow.
Status: Finished
Project participants
The work was led by Dansk Energi with contributions from partners across energy and technology organisations.
The ethnography of markets after market design
Duration: 15-01-2018 – 15-09-2020
Abstract
This collaboration examined market design, an emerging set of practices increasingly influencing business and policy making. Market design referred to tailoring markets to specific business interests or to address matters of collective concern.
Collaboration
The project brought together the Copenhagen Markets and Valuation Group and the Research Center for Culture and Economy at the Federal University of Rio de Janeiro.
Status: Finished
Project participants
Coordinator: Christian Frankel
Participant: José Ossandón
Innovative re-making of markets and business models in a renewable energy system based on wind power (I-REMB)
Duration: 01-05-2016 – 30-09-2019
Abstract
This project investigated how technical standardisation was used to organise markets for collective concerns, focusing on attempts to make European electricity markets environmentally sustainable.
Collaboration
Partners included Aalborg University and the Technical University of Denmark. The project was funded by Energinet.dk.
Status: Finished
Project participants
Partner: Trine Pallesen
Standards and competition serving the climate (Standards)
Duration: 15-09-2016 – 31-12-2018
Abstract
This project identified success criteria for how standards and competition worked in climate-related services, focusing on flexible electricity consumption, product differentiation, and the role of technical standards in mediator markets.
Collaboration
The collaboration partner was Dansk Standard.
Status: Finished
Project participants
Coordinator: Christian Frankel
Participant: José Ossandón
Selected Publications (Panel content)
Pallesen, T., Ossandón, J., Frankel, C. Market engineering: a problem for market studies, in Geiger, S., Mason, K., Pollock, N., Roscoe, P., Ryan, A., Schwarzkopf, S. & Trompette, P. (Eds.) Market Studies. Mapping, Theorizing and Impacting Market Action, Cambridge University Press, 2024.
Pallesen, T., and K. Zinck Pedersen. Model of human fallibility: Traveling behavioral assumptions in public governance. Perspectives on Public Management and Governance Vol. 6, No. 2-3, 2023, 119-130.
Muniesa, F. and Ossandón, J., Valuation as a Semiotic, Narrative, and Dramaturgical Problem. Valuation Studies, Vol. 10, No 1, 2023: 1-9.
Frankel, C. The object of inquiry and organization studies. Organization Studies, Vol. 43, No 12, 2022, p. 2013-2025.
Ossandón, J., J. Deville, J. Lazarus, and M. Luzzi. Financial oikonomization: the financial government and administration of the household. Socio-Economic Review Vol 20, no. 3, 2022: 1473-1500.
Pallesen, T., and Jacobsen, P. H. Demonstrating a flexible electricity consumer: keeping sight of sites in a real-world experiment. Science as Culture, Vol. 30, No 2, 2021: 172-191.
Frankel, Christian, José Ossandón, and Trine Pallesen. The organization of markets for collective concerns and their failures. Economy and Society, Vol. 48, No.2, 2019: 153-174.
Ossandón, J. and S. Ureta. Problematizing markets: market failures and the government of collective concerns. Economy and Society, Vol. 48, No.2, 2019: 175-196.
Christian Frankel / ‘The ‘s’ in Markets: Mundane Market Concepts and How to Know a (Strawberry) Market’. Journal of Cultural Economy, Vol. 11, No. 5, 2018, p. 458-475.
Trine Pallesen; Peter H. Jacobsen / Articulation Work from the Middle: A Study of How Technicians Mediate Users and Technology. New Technology, Work and Employment, Vol. 33, No. 2, 7.2018, p. 171-186.
Trine Pallesen; Rasmus Ploug Jenle / Organizing Consumers for a Decarbonized Electricity System : Calculative Agencies and User Scripts in a Danish Demonstration Project. Energy Research & Social Science, Vol. 38, 4.2018, p. 102-109.
Christian Frankel / The Multiple-markets Problem. Journal of Cultural Economy, Vol. 8, No. 4, 2015, p. 538-546.
José Ossandón / Sowing Consumers in the Garden of Mass Retailing in Chile. Consumption, Markets & Culture, Vol. 17, No. 5, 9.2014, p. 429-447.
Rasmus Ploug Jenle; Trine Pallesen / How Engineers Make Markets Organizing Electricity System Decarbonization. Revue Francaise de Sociologie, Vol. 58, No. 3, 2017, p. 375-397.
Staff at Markets and Valuation Group
Postal and visiting address
Department of Organization
Copenhagen Business School
Kilevej 14A
DK-2000 Frederiksberg
Denmark
Phone: +45 3815 2815
E-mail: reception.ioa@cbs.dk
EAN: 5798009814821
