Reallocation Effects of Antimonopoly Policy

2015 ◽  
pp. 65-88
Author(s):  
T. Radchenko

The article argues that application of antimonopoly remedies can reallocate costs and benefits between market participants. Efforts of competition authorities to implement “price cap” indicators on concentrated markets do not always lead to reallocation of recourses to more efficient market participants and value added. A static choice of indicator can set up new adaptational risks. Also macroeconomic instability and shifts of distribution channels bring more uncertainty for business. The paper shows how much application of different price indicators for internal markets of export-oriented goods may cost to suppliers and consumers.

Author(s):  
Prashant Kale ◽  
Harbir Singh

Innovation is a critical to the success of large, diversified Indian business groups and this chapter explores the specific organizational mechanisms they have adopted to enable and foster innovation in their organizations. First, these groups provide internal markets for much needed capital and talent necessary for innovation to make up for sufficient lack of these institutions externally. In addition, they have pursued the following actions: (a) significantly upped their investments in R&D and innovation, (b) created internal leadership councils to oversee and promote innovation, (c) created an innovation culture that encourages and celebrates entrepreneurship, risk-taking, and tolerance for failure, (d) undertaken formal learning interventions to build the innovation capabilities of their managers, and (e) set-up formal units to in-source innovation from external sources. Indian companies are yet in the early stages of this journey and will have to sustain these practices to demonstrate durable success with innovation.


2021 ◽  
Author(s):  
Stella Volpini ◽  
Marco Pilotti ◽  
Giulia Valerio ◽  
Steven C. Chapra

<p>The Natural Reserve “Torbiere del Sebino” is situated on the southern bank of Lake Iseo and is one the most meaningful wet zone for extension and ecological importance of northern Italy, belonging to the Natura2000 network.</p><p>Torbiere occupies an area of 3.60 km<sup>2</sup> within a 14 km<sup>2</sup> watershed where almost 12000 inhabitants live and where agricultural activities, mostly vineyards, cover almost 40% of the area; this leads to a significant anthropic pressure that over the last 50 years has compromised the system and changed the equilibria between species, enhancing eutrophication.</p><p>Despite the ecological relevance of the area, one of the most important in northern Italy, very little quantitative information is available regarding its current state and evolution in terms of water quality and hydrodynamics.  Given the critical environmental condition of the habitat, it is necessary to address the consequences of human impact on the trophic state of Torbiere.</p><p>Torbiere consists of a system of shallow lakes or ponds (average depth 1.5 m) whose main affluent is a creek (called Rì) entering from the South. A secondary occasional affluent enters the system from the East and consists of a combined sewer overflow (CSO). Finally, the main effluent is an artificial channel located in the North connecting Torbiere directly with the subalpine Lake Iseo. Although originally subdivided into a set of many interconnected ponds, the separation levees have been demolished over the last decades to enhance internal circulation, under the assumption that this would decrease the residence time and improve the water quality. However, no rational argument was used to support this decision that led to a system where similar characteristics (Secchi’s depth, turbidity, specific conductivity) are found all over the study area and where the expansion of invasive species was easier; now there is some evidence that a separate set of ponds would be better manageable to contrast the eutrophication process. To understand this process, a 3D hydrodynamic model has been set up using Delft-3D, an open source, finite difference package. </p><p>Given the great extension of the system, the inner circulation of the water is not driven by the momentum of the affluents, instead the wind plays a major role. This forcing term presents a daily pattern: it blows from the North in the mornings and shifts to the opposite direction in the late afternoon. The water mainly flows from the South to the North. However, preliminary results by Delft 3D showed that the circulation is made complex by the wind. The model shows that opposite directions of horizontal flow velocities are found at the surface and at the bottom of the water column, showing that only the upper layers follow the direction of the wind.</p><p>By comparing the actual and previous conditions of separation of the ponds, the model aims to give an answer to whether the choice of demolishing the banks was positive or negative for the water quality of Torbiere. Once the role of the banks will be clarified, the effects of their possible restoration will be addressed.</p>


Author(s):  
Anna Aminoff ◽  
Taru Hakanen

Purpose The ability to operate global distribution channels of products is commonly considered a critical determinant of a manufacturer’s competitiveness. Nowadays, many products are often complemented with value-added services challenging the efficacy of the status quo of distribution channels. Investigating this rather new phenomenon, the purpose of this paper is to provide an initial understanding of the implications of servitization for manufacturers’ global business-to-business (B2B) distribution. Design/methodology/approach The aim is to elaborate service-dominant logic (SDL) in the context of global B2B distribution. The study builds on case study data collected from a medium-sized European manufacturing company offering production equipment and solutions, and three of its global distributors. Findings The results indicate that the co-producing customer value, the increasing role of operant resources of both a distributor and a manufacturer, and triadic co-creation between a manufacturer, a distributor and an end customer have increasing importance in the indirect distribution network. Research limitations/implications Data are limited to data collected from a single in-depth case study. The results of this study should be investigated by collecting more data in a broader context in the form of surveys. Practical implications Several guidelines related to global distribution are developed for managers, and current distributor selection criteria are completed to meet the needs of this servitization approach. Originality/value Empirical research on servitizing manufacturers with global B2B distribution is scarce. This paper employs SDL to provide an in-depth understanding of the implications of servitization for distribution.


IG ◽  
2019 ◽  
Vol 42 (2) ◽  
pp. 118-133
Author(s):  
Daniel Schade

The Interparliamentary Conference for the Common Foreign and Security Policy and the Common Security and Defence Policy (IPC) is a new parliamentary body set up after the Treaty of Lisbon which allows to create interlinkages between parliaments in the European Union (EU). It is part of an ongoing process which aims to challenge the executive dominance in EU policy-making in general and in the EU’s foreign and security policy in particular. Considering its sessions and the experiences of members of parliaments partaking in the Interparliamentary Conference to date, this article analyses its value-added to this overarching goal. The experiences so far suggest that the IPC faces significant practical challenges in contributing to the parliamentary scrutiny of the policy areas concerned despite the fact that the format of interparliamentary gatherings is a significant innovation in its own right. These challenges arise primarily out of a conflict between the European Parliament and national parliaments in the EU, the diversity of national parliamentarism, as well as the differing moti⁠v­a⁠tions and skills of the participating members of parliaments.


2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Kannan P. Ramaiyan ◽  
Luke H. Denoyer ◽  
Angelica Benavidez ◽  
Fernando H. Garzon

AbstractEfficient conversion of methane to value-added products such as olefins and aromatics has been in pursuit for the past few decades. The demand has increased further due to the recent discoveries of shale gas reserves. Oxidative and non-oxidative coupling of methane (OCM and NOCM) have been actively researched, although catalysts with commercially viable conversion rates are not yet available. Recently, $${{{{{{{\mathrm{Sr}}}}}}}}_2Fe_{1.5 + 0.075}Mo_{0.5}O_{6 - \delta }$$ Sr 2 F e 1.5 + 0.075 M o 0.5 O 6 − δ (SFMO-075Fe) has been reported to activate methane in an electrochemical OCM (EC-OCM) set up with a C2 selectivity of 82.2%1. However, alkaline earth metal-based materials are known to suffer chemical instability in carbon-rich environments. Hence, here we evaluated the chemical stability of SFMO in carbon-rich conditions with varying oxygen concentrations at temperatures relevant for EC-OCM. SFMO-075Fe showed good methane activation properties especially at low overpotentials but suffered poor chemical stability as observed via thermogravimetric, powder XRD, and XPS measurements where SrCO3 was observed to be a major decomposition product along with SrMoO3 and MoC. Nevertheless, our study demonstrates that electrochemical methods could be used to selectively activate methane towards partial oxidation products such as ethylene at low overpotentials while higher applied biases result in the complete oxidation of methane to carbon dioxide and water.


2017 ◽  
Vol 1 (1) ◽  
pp. 49-76
Author(s):  
Amir Faris ◽  
Ahmad Khoyyum ◽  
Ita Uzzulaifatit Thoriqoh ◽  
Latifatun Nisak

Bantengan is an Indonesian folk performing art. Bantengan is a performance art that combines elements of martial arts, dances, kanuragan, music, and magical spell. Bantengan has spread in Indonesia, especially in East Java hinterland. One of them is in the hamlet of Boro Panggungrejo Gondanglegi Malang. However, there are some changes and shifts due to changes of time. One of the changes occurred in the "trance" of the players. Current bantengan players seem to show Pretending "trance". In addition, they get trance without the handler, so it is difficult to set up and control. Based on this background, the research explores two points; (1) public attitudes of Boro Panggugrejo Gondanglegi Malang over Bantengan; (2) Bantengan impacts on the society of Boro Panggungrejo Gondanglegi Malang. This study is a qualitative field research. The type used in this research is descriptive-ethnographic. The results of this study indicate that the traditional art Bantengan in Boro Panggungrejo Gondanglegi Malang is a folk art that aims to accommodate brutal, those who become substation residents at day and night, to be directed at better activities. In addition, tradi-tional art Bantengan also be interpreted as a forum to facilitate interaction (silaturrahmi) among local residents and the wider community. Traditional art Bantengan also be a forum to discuss issues relating to the development of the hamlet or village. Bantengan traditional art has positive impacts to society in Boro Panggungrejo Gondang-legi Dusun Malang. Through Bantengan, a servant relationship with his Lord (habl min Allāh) will be close through prayer, istighatsah and khatm Qur'an which became one of requirements that must be met by the players of bantengan. So is the relationship between humans (habl min al-nās). Bantengan traditional art open alternative earning for the people, encourage gotong-royong and care for others. However, bantengan also has negative impacts, for example disrupting public roads, disrupting rest time when Bantengan does exercise in the evening. As for the players, they must avoid an unstable mental atmosphere because they will be easy get trance.


1997 ◽  
Vol 22 (3) ◽  
pp. 29-37
Author(s):  
Rekha Jain

India has undertaken a number of economic and telecom policy reforms such as private participation and introduction of competition both in basic and value-added services. Legislation to set up a Telecom Regulatory Authority of India (TRAI) has recently been enacted in the Parliament. This paper focuses on the proposed structure, scope, and functions of TRAI in the context of some of the critical issues facing the Indian telecom sector and analyses its role in addressing these issues.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hugo Benedetti ◽  
Ehsan Nikbakht ◽  
Sayan Sarkar ◽  
Andrew Craig Spieler

Purpose The purpose of this paper is to develop conceptual designs for blockchain implementations aimed at reducing corporate fraud. The proposed framework consists of different levels of implementation with specific examples for each level. Design/methodology/approach The paper uses a multi-level framework to highlight the properties of blockchain technology as suitable for reducing corporate fraud. The five levels of technological complexity designed for this research include information storage, information flow, information processing, information enhancement and information and financial integration. Specific cases of corporate fraud are discussed to complement the proposed methodology. Findings The potential ability to limit fraud and increase transparency could greatly improve faith in financial reporting. These benefits accrue to all capital market participants. The blockchain infrastructure can significantly improve the existing monitoring system and provide value added in detecting, deterring, and documenting possible fraud. Originality/value The paper contributes to the growing field on corporate fraud and blockchain technology. The paper is novel in the implementation of the nascent blockchain methods to detect and deter fraud at the organizational level. The proposed five conceptual levels provide practical use.


2004 ◽  
Vol 29 (1) ◽  
pp. 93-100
Author(s):  
Mohan Natarajan ◽  
Arshad Khan ◽  
Girish Nadkarni ◽  
G Sethu

The financial services industry is in the midst of transformation. Straight Through Processing (STP) is one of the major initiatives currently under way in developed securities markets. STP strives to reduce the trade transaction settlement cycle. STP is expected to reduce transaction processing risk and cost and may offer opportunities for value-added products and services to customers. Indian government has announced its intention to reduce the settlement cycles from (T+3) to (T+2) and eventually to (T+1) over the next few years. The Securities and Exchange Board of India (SEBI) has been asking the Indian securities industry to implement STP which is characterized by significant real time virtual processing with concurrent information exchange. Implementation of STP has many strategic angles. The players would see STP as a project investment and would be motivated only if there are gains commensurate with risks. All players are unlikely to benefit evenly. Some players are further along the learning curve than others. There are multiple messaging standards and software making interoperability a difficult issue to resolve to everyone's satisfaction. Successful implementation of STP would result in a quantum jump in the way security market transactions are processed in India. But, it is a challenging task. This colloquium was arranged to discuss the main issues as seen by the market participants in the securities industry in India. The panel members addressed the following issues: What is STP? What kinds of benefits from STP have been realized in the global markets? What are the challenges of implementing STP in the Indian securities market? The salient features of the responses are as follows: At present, different entities in the security transaction processing work use different systems. There is no synchronization of data. In developed markets, much progress has been made in eliminating this roadblock. In India, we should address this issue quickly to realize the benefits of STP. STP implementation in each entity has two elements - streamlining external processes (external STP) as well as internal processes (internal STP). Benefits of STP arise from operational efficiencies, productivity gains, and also from improved customer satisfaction. The biggest challenge for STP is to ‘determine the best approach.’ This dilemma is further complicated due to the two elements of STP strategy: internal STP and external STP.


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