The rapid institutional changes taking place today, including the emergence and global spread of new institutions bring to the fore the question of how new institutions develop. From the 1990s onwards, a new technical term has begun to spread in the literature: institutional entrepreneurship, reflecting the revaluation of people’s activity in institutional change. The aim of the paper is to answer the questions regarding this kind of entrepreneurship. How does institutional entrepreneurship emerge, how can we interpret and define this phenomenon? What kind of driving forces are behind it? How does it work in the real economy? The novelty of the paper is in addressing institutional entrepreneurship as the result of a special ability and activity of actors to combine different, already known elements for building up new institutions. The study introduces the characteristics of institutional entrepreneurship, using the example of the sharing economy, by contrasting sharing as an alternative to conventional market solutions. The paper also demonstrates how the institutional entrepreneurship of sharing changes its socio-economic environment, from mobilization of unused resources through perception of ownership to the increase of the growth potential of the economy.
Alford, J. (2014): The Multiple Facets of Co-Production: Building on the Work of Elinor Ostrom. Public Management Review 16(3): 299–316.
Belarbi, M. (n.d.): Startup from the Bottom: Here Is How Uber Started out. http://gulfelitemag.com/startup-bottom-uber-started/, accessed 28 June 2017.
Bockhaven, W. – Matthyssens, P. – Vandenbemt, K. (2015): Empowering the Underdog: Soft Power in the Development of Collective Institutional Entrepreneurship in Business Markets. Industrial Marketing Management 48: 174–186.
Botsman, R. – Rogers, R. (2011): What’s Mine is Yours. How Collaborative Consumption Is Changing the Way We Live. London: Collins.
Brousseau, E. – Garrouste, P. – Raynaud, E. (2011): Institutional Changes: Alternative Theories and Consequences for Institutional Design. Journal of Economic Behavior and Organization 79(12): 3–19.
Christensen, C. (1997/2013): The Innovator’s Dilemma. The Innovator’s Solution, How Will You Measure Your Life? Boston: Harvard Business Review Press.
Cramer, J. – Krueger, A. B. (2016): Disruptive Change in the Taxi Business: The Case of Uber American Economic Review: Papers — Proceedings 106(5):177–182.
Dahlman, C. J. (1979): The Problem of Externality. The Journal of Law and Economics 22(1): 141–162.
Dean, T. J. (2016): New Venture Formations in United States Manufacturing: The Role of Industry Environments. New York: Routledge.
DiMaggio, P. (1988): Interest and Agency in Institutional Theory. In Zucker, L. (ed.): Instititutional Patterns and Organizations. Cambridge (Mass.): Ballinger Publishing Company, pp. 3–21.
DiMaggio, P. J. – Powell, W. W. (1983): The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields. American Sociological Review 48(2): 147–160.
Drori, I. – Landau, D. (2011): Vision and Change in Institutional Entrepreneurship. The Transformation from Science to Commercialization. New York: Berghahn Books.
Dubois, E. – Schor, J. – Carfagna. L. (2014): Connected Consumption: A Sharing Economy Takes Hold. Rotman Management, Spring.
Eckhardt, G. M. – Bardh, F. (2015): The Sharing Economy Isn’t About Sharing at All. Harvard Business Review, January.
Friedman, T. L. (2013): Welcome to the ‘Sharing Economy’. New York Times, July 20.
Garud, R. – Hardy, C. – Maguire, S. (2007): Institutional Entrepreneurship as Embedded. Agency: An Introduction to the Special Issue. Organization Studies 28(7): 957–969.
Garud, R. – Jain, S. – Kumaraswamy, A. (2002): Institutional Entrepreneurship in the Sponsorship of Common Technological Standards: The Case of Sun Microsystems and Java. Academy of Management Journal 45(1):196–214.
Gibson-Graham, J. K. (2003): An Ethics of the Local. Rethinking Marxism. A Journal of Economics, Culture — Society 15(1): 49–74.
Greenwood, R. – Suddaby, R., – Hinings, C. R. (2002): Theorizing Change: The Role of Professional Associations in the Transformation of Institutional Fields. Academy of Management Journal 45: 58–80.
Hamari, J. – Sjöklint, M. – Ukkonen, A. (2016): The Sharing Economy: Why People Participate in Collaborative Consumption. Journal of the Association for Information Science and Technology 67(9): 2047–2059.
Hargadon, A. – Douglas, Y. (2001): When Innovations Meet Institutions: Edison and the Design of the Electric Light. Administrative Science Quarterly 46(3): 476–501.
Hayek, F. A. (1988): The Fatal Conceit. Chicago: University of Chicago Press.
Henten, A. H. – Windekilde, I. M. (2016): Transaction Costs and the Sharing Economy. Info 18(1): 1–15.
Horton, J. J – Zeckhauser, R. J. (2016): Owning, Using and Renting: Some Simple Economics of the Sharing Economy. NBER Working Paper No. 22029.
Hu, H. – Huang, T. – Zeng, Q – Zhang, S. (2016): The Role of Institutional Entrepreneurship in Building Digital Ecosystem: A Case Study of Red Collar Group (RCG). International Journal of Information Management 36(3): 496–499.
Kingston, C. – Caballero, G. (2009): Comparing Theories of Institutional Change. Journal of Institutional Economics 5(2): 151–180.
Lakshman, C. – Akhter, M. (2015): Microfoundations of Institutional Change: Contrasting Institutional Sabotage to Entrepreneurship. Canadian Journal of Administrative Sciences 32(3): 160–176.
Lawrence, T. – Suddaby, R. (2006): Institutions and Institutional Work. In Clegg, S. – Hardy, C. – Lawrence, T. – Nord, W. R. (eds): Handbook of Organization Studies London: Sage Publications, pp. 211–254.
Leca, B. – Battilana, J. – Boxenbaum, E. (2008): Agency and Institutions: A Review of Institutional Entrepreneurship. Harvard Business School Working Paper No. 08-096.
Morgan, B – Kuch, D. (2015): Radical Transactionalism: Legal Consciousness, Diverse Economies, and the Sharing Economy. Journal of Law and Society 42(4): 556–587.
North, D. (1990): Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.
Noble Topf, L. (2014): Wheelcar Wisdom. iUniverse.
OECD (2011): Together for Better Public Services: Partnering with Citizens and Civil Society. Paris: OECD.
Ostrom, E. (2009): Beyond Markets and States: Polycentric Governance of Complex Economic Systems. Nobel Prize Lecture, 8 December.
Ostrom, V. – Ostrom, E. (1977): Public Goods and Public Choices In. Savas, E. S (ed.): Alternatives for Delivering Public Services: Toward Improved Performance. Boulder, CO: Westview Press.
Raffaely, R. – Glynn, M. A. (2015): Institutional Innovation. Novel, Useful and Legitimate. In: Shalley, C. E. – Hitt, M. A. – Zhou, J. (eds): The Oxford Handbook of Creativity, Innovation, and Entrepreneurship. Oxford: Oxford University Press, 407–420.
Rifkin, J. (2014): The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism. New York: St. Martin’s Press.
Samuelson, P. A. (1976): Economics. New York: McGrawHill.
Scott, W. R. (2008): Institutions and Organizations. Thousand Oaks, CA: SAGE Publications.
Scott, W. R. (2010): The Mediating Role of Institutions. In: Sine, W. D. – David, R. J. (eds): Institutions and Entrepreneurship. Bingley, UK: Emerald Group Publishing.
Shane, S. – Venkataraman, S. (2000): The Promise of Entrepreneurship as a Field of Research. Academy of Management Review 25: 217–226.
Shiller, J. (2005): Behavioral Economics and Institutional Innovation. Cowles Foundation for Research in Economics. Yale University. New Haven, Connecticut.
Smith, C. (2017a): 90 Amazing Airbnb Statistics and Facts. http://expandedramblings.com/index.php/airbnb-statistics/, accessed 28 June 2017.
Smith, C. (2017b): 67 Amazing Uber Statistics and Facts. http://expandedramblings.com/index.php/uber-statistics/, accessed 28 June 2017.
Szabó, K. – Kocsis, É. (2002): Digitális paradicsom vagy falanszter? A személyes tömegtermelés [Digital capitalism or phalanstery?]. Budapest: Aula Kiadó.
Szabó, K. – Hámori, B. (2006): Információgazdaság. Digitális kapitalizmus vagy új gazdasági rendszer? [Information Economy]. Budapest: Akadémiai Kiadó.
Tracey, P. – Phillips, N. –Jarvis, O. (2011): Bridging Institutional Entrepreneurship and the Creation of New Organizational Forms: A Multilevel Mode. Organization Science 22(1): 60–80.
Techopedia (n.d.): Dynamic Pricing https://www.techopedia.com/definition/29600/dynamic-pricing, accessed 28 June 2017.
Williamson, O. E. (1975): Markets and Hierarchies: Analysis and Anti-Trust Implication. New York: Free Press.
Williamson, O. E. (1985): The Economic Institutions of Capitalism. New York: The Free Press.