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This paper deals with the modeling of the strategic allocation of greenhouse gases emission allowances in the EU-wide trading market that results from Kyoto agreement implementation. An M-matrix game is formulated where the players are countries or groups ...
Due to competitive pressures in the global business arena, multinational firms have started to migrate to low-cost sources of labour and materials, which are typically located in countries that also represent emerging market opportunities. In the recent ye ...
This thesis comprises three essays on the relationship between innovation and finance. Although previous research has acknowledged the multi-faceted nature of innovation, this thesis unpacks its constituent elements, compares alternative drivers of innovat ...
Industrial SMEs face new challenges in global markets with customers requiring more complete solutions and ability to source their procurements anywhere in the world. If large companies have erough resources to gain from the new opportunities provided by t ...
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In order to compete in the global market, companies have to restructure and make use of the infrastructures that allow them to become more agile. The, possibility of rapidly from virtual organizations to respond to a business or collaboration opportunity g ...
The objective of this paper is to present the operating and hedging analysis of a hydroelectric system in a non-hydro dominated market using a specifically-developed tool for operating and contracting decisions. Hydropower companies are likely to face stoc ...
This thesis describes the development of three conceptual models built to serve as decision support tools in liberalised electricity markets. The introduction of competition, higher uncertainty and decentralised planning requires new planning and analysis ...
Many tests of asset-pricing models address only the pricing predictions, but these pricing predictions rest on portfolio choice predictions that seem obviously wrong. This paper suggests a new approach to asset pricing and portfolio choices based on unobse ...
In the mid 1990s the European railway community – under the aegis of the Union Internationale des Chemins de fer (UIC) – opted for GSM as the standard to replace existing analogue railway radio systems. The decision was taken on two grounds: GSM was a non- ...
Due to regulatory and institutional developments, changes in consumer behaviour and the emergence of new technologies during the last two decades, incumbent postal operators in Europe had to face new challenges, threats but also opportunities. The incumben ...
