Economists have long argued that the prevailing institutional structures of the economic system produce a particular spectrum of entrepreneurial activity. However, these institutions themselves change over time, sometimes as the result of entrepreneurial behaviour. This paper investigates the idea of institutional entrepreneurship from a Coasian perspective. This perspective puts transaction-cost-reducing institutions at the centre of the analysis, and examines the role of institutional entrepreneurs in constructing and transforming these economically valuable artefacts. The paper presents a case study of an institutional entrepreneur and concludes that, from a Coasian perspective, institutional entrepreneurship is one type of entrepreneurial behaviour that seems worthy of further research.
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