3 Entrepreneurial Firms
Resources for innovation are difficult to evaluate, distributed across different actors, uncertain in service delivery potential, and subject to appropriability problems. As argued in Chapter 2, the structural solutions to these problems are all networked, in one way or another. As the uncertainty of projects and the complexity of the resources invested grow, property rights issues emerge in order to provide incentives to invest under uncertainty. In addition, wider governance and organization issues on the distribution of various types of property rights among different investors and participants should ...
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