This paper seeks to construct an empirical research agenda based on transaction cost reasoning informed by the Coase Theorem. It explains why the Coase Theorem has not been well received in the area of construction economics and management, as revealed by the relevant bibliometrics; develops a...

Most of the literature on the rapid changes in institutional arrangements in China's construction industry have either limited themselves to a description of these changes or relied on opinion surveys to draw conclusions. Few researchers have conducted serious empirical examinations, especially...