Bianchi, Milo; Henrekson, Magnus - Economics Institute for Research (SIR), … - 2005
perspective (Baumol 1990; Murphy et al. 1991).
Hence, entrepreneurship is not management, but it also involves more than just …
(uncalculable risk; Knight 1921), knowledge is highly decentralized, particularized, largely
noncodifiable (Hayek 1945), human …, profit-seeking investment in
knowledge by firms involved in R&D activities, modeled following the patent race literature in …