Exploring the Pillars of Business Models for Smart Cities and Their Applicability in Serbia

Muratori Simona (), Bengo Irene (), Chiaroni Davide (), Chiesa Vittorio (), Luè Alessandro (), Stanković Jelena J. (), Stanojević Marina (), Pezzoli Silvia () and Tamini Luca ()
Additional contact information
Muratori Simona: POLIEDRA, Politecnico di Milano, Italy
Bengo Irene: Politecnico di Milano, Department of Management, Economics and Industrial Engineering, Italy
Chiaroni Davide: Politecnico di Milano, Department of Management, Economics and Industrial Engineering, Italy
Chiesa Vittorio: Politecnico di Milano, Department of Management, Economics and Industrial Engineering, Italy
Luè Alessandro: POLIEDRA, Politecnico di Milano, Italy
Stanković Jelena J.: University of Niš, Faculty of Economics, Serbia
Stanojević Marina: University of Niš, Faculty of Economics, Serbia
Pezzoli Silvia: POLIEDRA, Politecnico di Milano, Italy
Tamini Luca: Politecnico di Milano, Department of Architecture and Urban Studies, Italy

Economic Themes, 2024, vol. 62, issue 1, 107-126

Abstract: This paper focuses particularly on the pillars of business models for smart cities. The paper is based on the project Smart Sustainable District, and outlines the opportunities and limits of the application of certain guidelines in an extra-EU country, Serbia, through the Horizon Europe project UR-DATA. The Smart Sustainable District project started in 2021 and one of its outcomes was the publication of a 'white paper' that aims to describe principles, solutions, tools for the realisation of the SSD model in urban areas, constituting a methodological and operational support to public and private actors involved, for urban transformations in the SSD key. In the paper, objectives, trends, solutions, tools and some good practices are presented for the following three pillars of business models for smart cities: Collaborative models and symbiosis, promoting outcome based PPPP (public-private and people partnership), and sustainable co-production and co-management of both material and immaterial resources and goods. Innovative consumption patterns, including, for instance, attention to sustainability and local needs, sharing practices, collaborative consumption of goods and services, new “prosumption” practices. Modular systems for circular economy, an economy based on the maximization of resources over time through the re-design of both the property concept and products and services through their whole life-cycle, including processes and consumption models. Then, their application in Serbia, specifically/ with a specific analysis of the city of Nis, also comparing, as a benchmark, Italian and Serbian reference strategies and policies.

Keywords: Smart Cities; sustainability; collaborative models; consumption patterns; circular economy (search for similar items in EconPapers)
JEL-codes: D49 F63 F64 O33 O35 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecothe:v:62:y:2024:i:1:p:107-126:n:1006

DOI: 10.2478/ethemes-2024-0006

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