Footnote:
In: IEFE - Centre for Research on Energy and Environmental Economics and Policy, Working Paper No. 89, October, 2016
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 28, 2017 erstellt
Description:
Abstract: We discuss public procurement instruments for acquiring innovation, focusing on the European Pre-commercial Procurement, Procurement of Innovative Solutions and Innovation Partnerships. We analyse in particular how firms' innovation incentives are affected by: (i) economies of scope and externalities between R&D and large-scale production; (ii) the degree of specificity of the innovation; (iii) the presence of Small and Medium Enterprises (SMEs) in the market and the level of market competition; (iv) the risk of market foreclosure and supplier lock-in. Our study contributes to the literature on incentives in demand-side innovation policy by tapping into the contractual design features and by offering relevant implications for academics and policy makers. (107 words)