Abstract
In this paper, we analyze environmental regulation based on tradable emission permits in the presence of strategic interaction in an output market with differentiated products. We characterize firms' equilibrium behavior in the permits and in the output market and we show that both firms adopt "rival's cost-rising strategies". Then, we study the problem of the regulator that aims at maximizing social welfare, proposing an efficient criterion to allocate permits between firms. We find that the optimal allocation criterion requires a perfect balance between the difference on firms' price-cost margins in the permits market and the difference on firms' mark ups in the output market. In light of the previous result, we use a simulation to obtain the optimal allocation of permits between firms as a function of output market characteristics, in particular as a function of goods substitutability. © 2012 World Scientific Publishing Company.

Abstract
This paper analyses price competition between two firms producing horizontally and vertically differentiated goods. These are assumed to be credence goods, as consumers can hardly ascertain the quality of the commodities. To illustrate the model, we adapt it to represent a newspaper industry with two outlets, when the population of readers have preferences both on the political stance of the newspapers and on the accuracy of the news they dispatch.

Abstract

Abstract
This is a conceptual paper supported by empirical research giving details of a new Business Narrative Modelling Language (BNML). The need for BNML arose given a growing dissatisfaction with qualitative research approaches and also due to the need to bring entrepreneurs, especially those with little training in management theory, closer to the academic (as well as practitioner) discussion of innovation and strategy for value creation. We aim primarily for an improved communication process of events which can be described using the narrative, in the discussion of the value creation process. Our findings, illustrated through a case study, should be of interest to both researchers and practitioners alike.

Abstract

Abstract
The XPRESS project introduces a completely new scalable concept of a manufactronic networked factory, which is composed by a co-ordinated team of specialized autonomous objects (Manufactrons), each knowing how to do a certain process optimally. This knowledge based concept integrated the complete chain: production configuration (decrease of ramp-up time of at least 50%), multi-variant production line (varying types and volumes on a single line) and 100% quality monitoring. The manufactronic networked architecture allows continuous process improvement, and will be able to anticipate and to respond to rapidly changing consumer needs, producing high-quality products in adequate quantities while reducing costs. This concept is demonstrated in the automotive, aeronautics and electrical industry but can be transferred to nearly all production processes.