The Economics of the EU Innovation Procurement

Nicola Dimitri
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Nicola Dimitri: University of Siena, Corvers-MSM Chair of Innovation Procurement, Maastricht School of Management

No 2017/1, Working Papers from Maastricht School of Management

Abstract: In the paper we analyse the current EU public procurement legislation on innovative solutions from an economic perspective. In particular, for contracting authorities interested in procuring products which are not yet in the market we identify two main options, based on whether or not they decide to unbundle the procurement of R&D services from that of the final product. Taking the point of view of both the competing firms and the contracting authorities we discuss economic advatanges and limitations of the two options. We specifically focus on the R&D stage arguing that to develop an innovative solution selected firms may compete, but also collaborate.

Pages: 27 pages
Date: 2017-03
New Economics Papers: this item is included in nep-pay
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http://web2.msm.nl/RePEc/msm/wpaper/MSM-WP2017-1.pdf First version, 2017 (application/pdf)

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