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dc.contributor.authorSuhonen, Niko
dc.contributor.authorTammi, Timo
dc.contributor.authorSaastamoinen, Jani
dc.contributor.authorPesu, Jarkko
dc.contributor.authorTurtiainen, Matti
dc.contributor.authorOkkonen, Lasse
dc.date.accessioned2019-06-25T11:00:17Z
dc.date.available2019-06-25T11:00:17Z
dc.date.issued2019
dc.identifier.urihttps://erepo.uef.fi/handle/123456789/7648
dc.description.abstractPurpose Public procurement of innovations (PPIs) addresses a specified need of the public-sector customer or aims at fostering private firms’ innovativeness. In an operational sense, issues of information asymmetry and risk sharing between the public agency and the supplier are of paramount importance. The purpose of this paper is to focus on the contract design issues of PPI. Design/methodology/approach Explicit and implicit contracting methods are reviewed, and a conceptual framework is proposed in which procurement characteristics are analyzed, focusing on the dimensions of the supplier’s sensitivity to the procurement risk and the power of implicit contracting methods. Findings Because of its complex nature, applying cost-plus contracts instead of more common fixed-price contracts is advisable in PPI. Originality/value Possible reasons for the more prominent role of contract design in the USA as opposed to the European Union procurement are discussed.
dc.language.isoenglanti
dc.publisherEmerald
dc.relation.ispartofseriesJournal of public procurement
dc.relation.urihttp://dx.doi.org/10.1108/JOPP-06-2019-029
dc.rightsCC BY-NC http://creativecommons.org/licenses/by-nc/4.0/
dc.subjectpublic procurement
dc.subjectrisk-sharing
dc.subjectinnovation
dc.subjectincentives
dc.subjectcontracts
dc.titleIncentives and risk-sharing in public procurement of innovations: Towards contracting strategy framework
dc.description.versionfinal draft
dc.contributor.departmentDepartment of Business, activities
uef.solecris.id63237432en
dc.type.publicationTieteelliset aikakauslehtiartikkelit
dc.rights.accessrights© Emerald Publishing Limited
dc.relation.doi10.1108/JOPP-06-2019-029
dc.description.reviewstatuspeerReviewed
dc.format.pagerange129-145
dc.publisher.countryYhdysvallat (USA)
dc.relation.issn1535-0118
dc.relation.issue2
dc.relation.volume19
dc.rights.accesslevelopenAccess
dc.type.okmA1
uef.solecris.openaccessEi


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