Unlocking the black box of entrepreneurship: Applications for the environment

Abstract

Nobel laureate Ronald Coase (1937) was one of the first modern economists to focus attention on the ways in which firms reduce transaction costs by supplanting market contracts with hierarchical, internal management decisions. Coase and later Cheung (1983) explain that firms save on the costs of discovering prices and on the costs of measuring and monitoring the contribution of inputs to the production process. Still, however, their explanations of why a firm exists beg the question of where the entrepreneur fits into the firm.

Citation

Anderson, T.L. (2009), "Unlocking the black box of entrepreneurship: Applications for the environment", Libecap, G.D. (Ed.) Frontiers in Eco-Entrepreneurship Research (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 39-52. https://doi.org/10.1108/S1048-4736(2009)0000020006