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Risk management in public procurement of innovation: a conceptualization

In: Public Procurement for Innovation

Author

Listed:
  • Jakob Edler
  • Max Rolfstam
  • Lena Tsipouri
  • Elvira Uyarra

Abstract

This book focuses on Public Procurement for Innovation. Public Procurement for Innovation is a specific demand-side innovation policy instrument. It occurs when a public organization places an order for a new or improved product to fulfill certain needs that cannot be met at the moment of the order. The book provides evidence of the potential benefits to public and private actors from the selective use of this policy instrument and illustrates the requirements and constraints for its operationalization. The book intends to significantly improve the understanding of key determinants of effective public procurement aiming to promote innovative capabilities in the supplying sectors and beyond. It provides both case studies and conceptual contributions that help extend the frontier of our understanding in areas where there are still significant gaps.

Suggested Citation

  • Jakob Edler & Max Rolfstam & Lena Tsipouri & Elvira Uyarra, 2015. "Risk management in public procurement of innovation: a conceptualization," Chapters, in: Charles Edquist & Nicholas S Vonortas & Jon M Zabala-Iturriagagoitia & Jakob Edler (ed.), Public Procurement for Innovation, chapter 4, pages 87-109, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15642_4
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    References listed on IDEAS

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    1. Edler, Jakob & Georghiou, Luke, 2007. "Public procurement and innovation--Resurrecting the demand side," Research Policy, Elsevier, vol. 36(7), pages 949-963, September.
    2. Roger Miller & Donald R. Lessard, 2008. "Evolving Strategy: Risk Management and the Shaping of Mega-Projects," Chapters, in: Hugo Priemus & Bent Flyvbjerg & Bert van Wee (ed.), Decision-Making on Mega-Projects, chapter 8, Edward Elgar Publishing.
    3. Konstantin Kogan & Charles S. Tapiero, 2007. "Supply Chain Games: Operations Management And Risk Valuation," International Series in Operations Research and Management Science, Springer, number 978-0-387-72776-9, December.
    4. M S Sodhi & S Lee, 2007. "An analysis of sources of risk in the consumer electronics industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(11), pages 1430-1439, November.
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    Cited by:

    1. Cristiano Antonelli, 2017. "The derived demand for knowledge," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(1-2), pages 183-194, February.
    2. Dirk Czarnitzki & Paul Hünermund & Nima Moshgbar, 2018. "Public procurement as policy instrument for innovation," Working Papers of Department of Economics, Leuven 606259, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    3. Czarnitzki, Dirk & Hünermund, Paul & Moshgbar, Nima, 2020. "Public Procurement of Innovation: Evidence from a German Legislative Reform," International Journal of Industrial Organization, Elsevier, vol. 71(C).
    4. Castelnovo, Paolo & Florio, Massimo & Forte, Stefano & Rossi, Lucio & Sirtori, Emanuela, 2018. "The economic impact of technological procurement for large-scale research infrastructures: Evidence from the Large Hadron Collider at CERN," Research Policy, Elsevier, vol. 47(9), pages 1853-1867.
    5. Andrea S. Patrucco & Davide Luzzini & Stefano Ronchi & Michael Essig & Markus Amann & Andreas H. Glas, 2017. "Designing a public procurement strategy: lessons from local governments," Public Money & Management, Taylor & Francis Journals, vol. 37(4), pages 269-276, June.
    6. Castelnovo, Paolo & Clò, Stefano & Florio, Massimo, 2023. "A quasi-experimental design to assess the innovative impact of public procurement: An application to the Italian space industry," Technovation, Elsevier, vol. 121(C).
    7. Elvira Uyarra & Kieron Flanagan & Edurne Magro & Jon Mikel Zabala-Iturriagagoitia, 2017. "Anchoring the innovation impacts of public procurement to place: The role of conversations," Environment and Planning C, , vol. 35(5), pages 828-848, August.
    8. Julien Chicot & Mireille Matt, 2018. "Public procurement of innovation: a review of rationales, designs, and contributions to grand challenges," Science and Public Policy, Oxford University Press, vol. 45(4), pages 480-492.
    9. Carlos Contreras & Julio Angulo, 2022. "Innovation and Tariff-adjustment Options in Public-private Partnerships," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 51-81, December.

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