Abstract
The increased interest in using public procurement as a policy
tool for innovation has renewed a need for understanding the
procurement process. A conjecture on institutional rationalities
and property rights is offered to explain the hurdles present
for conducting successful procurement projects. If an
efficient negotiation solution is to be achieved participants in
procurement projects need to be aware of the other participants’
institutional rationalities and actively consider these
while concluding the terms of procurement projects. Consequently,
future policy efforts towards increased innovation
have to be targeting the process of public procurement of innovation,
rather than focusing on regulatory issues.
tool for innovation has renewed a need for understanding the
procurement process. A conjecture on institutional rationalities
and property rights is offered to explain the hurdles present
for conducting successful procurement projects. If an
efficient negotiation solution is to be achieved participants in
procurement projects need to be aware of the other participants’
institutional rationalities and actively consider these
while concluding the terms of procurement projects. Consequently,
future policy efforts towards increased innovation
have to be targeting the process of public procurement of innovation,
rather than focusing on regulatory issues.
| Original language | English |
|---|---|
| Article number | 3990994 |
| Journal | Rivista di Politica Economica |
| Volume | CII |
| Issue number | April/ June |
| Pages (from-to) | 137-157 |
| ISSN | 0035-6468 |
| Publication status | Published - 2013 |