Foss, Kirsten; Foss, Nicolai J. - 2008
, Transaction Costs and Entrepreneurial Discovery" (a comment on Foss and Foss, 2005). While we agree with many of their arguments …, we argue that they fail to recognize how exactly transaction costs and property rights shape the process of … entrepreneurial discovery. We provide a sketch of the mechanisms that link entrepreneurship, property rights, and transaction costs in …