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Defining cooperative business models for inter-organizational cooperation
No full textUsage of software platforms alongside the business transformation potential of information and communication technology enables cooperation between different companies in both open and networked environments. This is possible when multiple actors cooperate in the delivery of services; each one contributes its own resources, and there is an underlying attractive business model for all of the players involved. This research paper investigates the definition process of a cooperative business model, which involves partners from different countries with different levels of technology, different markets, and different statutory regulations. The aim of this paper is to contribute to both theory and practice by introducing an approach for a cooperative business model definition that can be used in instances where there are conflicting requirements of partners who are willing to cooperate. In the case which is analyzed in this paper, the premature identification of the exploitation alternative scenarios among partners, the adoption of a perspective based on customers’ needs by the means of the business episode concept, and the usage of the business model ontology for the description of the structure of the cooperative business model, have helped the different partners to successfully converge to a common and agreed solution.Usage of software platforms alongside the business transformation potential of information and communication technology enables cooperation between different companies in both open and networked environments. This is possible when multiple actors cooperate in the delivery of services; each one contributes its own resources, and there is an underlying attractive business model for all of the players involved. This research paper investigates the definition process of a cooperative business model, which involves partners from different countries with different levels of technology, different markets, and different statutory regulations. The aim of this paper is to contribute to both theory and practice by introducing an approach for a cooperative business model definition that can be used in instances where there are conflicting requirements of partners who are willing to cooperate. In the case which is analyzed in this paper, the premature identification of the exploitation alternative scenarios among partners, the adoption of a perspective based on customers’ needs by the means of the business episode concept, and the usage of the business model ontology for the description of the structure of the cooperative business model, have helped the different partners to successfully converge to a common and agreed solution.Articles published in or submitted to a Journal without I
1. Banking Frictions and Integrated Financial Markets in a Two Country DSGE Model. 2. Unconventional Monetary Policy Coordination in a Two Country World with Banking Frictions
No full text1: Financial frictions and integrated nancial markets matter by spread-
ing and amplifying country specic shocks. We develop a two country
DSGE world with incomplete markets to address these issues. The
main reference for the model's framework is a work by Gertler and
Kiyotaki 1. In the basic version of the model countries trade in goods
but nancial markets are closed. Then, we enrich the model by allow-
ing for integrated nancial markets but portfolio shares remain exoge-
nously set. We end up with the complete model that also allows for
portfolio choice by implementing a method developed by Devereux and
Sutherland2.We nd home bias in international portfolios, that under
incomplete markets allows for less volatility than under full portfo-
lio diversication. The model provides a simple two country world
framework that may also be used for monetary policy issues. 2: During the last nancial crises, the main Central Banks in the
world implemented dierent examples of unconventional monetary
policies in order to soften the tightening in the credit market con-
ditions. In the United States the Federal Reserve (Fed) applied the
\quantitative easing" approach in a very massive way, allowing the
country to avoid a deep recession from the sub-prime crisis to this day.
Similar attempts (even if dierently named) were followed during the
same period by the Bank of England and the Bank of Switzerland.
Even in the Euro Area, despite the more severe stance implied by
the in
uence of the Bundesbank's heritage, during the current Euro-
zone crisis the European Central Bank (ECB) was involved in massive
shopping of Treasury bonds of the countries under speculative attack
in order to restore the transmission mechanism of its monetary policy.
Moreover, in the attempt to avoid a credit crunch for the real economy
and to mitigate the urgent liquidity needs by the European banking system, the ECB also launched last December its unlimited three-years
liquidity-renancing operations at the 1 percent in order to provide
longer-term lending facilities to the nancial institutions. Unconven-
tional monetary policies seem therefore to get an increased importance
during the last few years as alternative instrument of monetary pol-
icy when the traditional target rates are close to zero and when the
credit market conditions worsen with serious risk for the real economy,
justifying a growing interest on this issue. We would like to analyze
how dierent unconventional interventions by the Central Banks might
mitigate a country-specic crisis in a two country DSGE model with
credit frictions. To this task we use a baseline model we previously
developed, whose framework is mainly based on a work by Gertler and
Kiyotaki (2010). We specically focus on the eects of coordinated
versus uncoordinated policies.1: Financial frictions and integrated nancial markets matter by spread-
ing and amplifying country specic shocks. We develop a two country
DSGE world with incomplete markets to address these issues. The
main reference for the model's framework is a work by Gertler and
Kiyotaki 1. In the basic version of the model countries trade in goods
but nancial markets are closed. Then, we enrich the model by allow-
ing for integrated nancial markets but portfolio shares remain exoge-
nously set. We end up with the complete model that also allows for
portfolio choice by implementing a method developed by Devereux and
Sutherland2.We nd home bias in international portfolios, that under
incomplete markets allows for less volatility than under full portfo-
lio diversication. The model provides a simple two country world
framework that may also be used for monetary policy issues. 2: During the last nancial crises, the main Central Banks in the
world implemented dierent examples of unconventional monetary
policies in order to soften the tightening in the credit market con-
ditions. In the United States the Federal Reserve (Fed) applied the
\quantitative easing" approach in a very massive way, allowing the
country to avoid a deep recession from the sub-prime crisis to this day.
Similar attempts (even if dierently named) were followed during the
same period by the Bank of England and the Bank of Switzerland.
Even in the Euro Area, despite the more severe stance implied by
the in
uence of the Bundesbank's heritage, during the current Euro-
zone crisis the European Central Bank (ECB) was involved in massive
shopping of Treasury bonds of the countries under speculative attack
in order to restore the transmission mechanism of its monetary policy.
Moreover, in the attempt to avoid a credit crunch for the real economy
and to mitigate the urgent liquidity needs by the European banking system, the ECB also launched last December its unlimited three-years
liquidity-renancing operations at the 1 percent in order to provide
longer-term lending facilities to the nancial institutions. Unconven-
tional monetary policies seem therefore to get an increased importance
during the last few years as alternative instrument of monetary pol-
icy when the traditional target rates are close to zero and when the
credit market conditions worsen with serious risk for the real economy,
justifying a growing interest on this issue. We would like to analyze
how dierent unconventional interventions by the Central Banks might
mitigate a country-specic crisis in a two country DSGE model with
credit frictions. To this task we use a baseline model we previously
developed, whose framework is mainly based on a work by Gertler and
Kiyotaki (2010). We specically focus on the eects of coordinated
versus uncoordinated policies.LUISS PhD Thesi
1. Considering Ex Ante Disincentives in Compulsory Licensing: How to Solve the Tradeoff between Obligations to Deal and the Scope of Intellectual Property Protection. 2. Wanadoo: Between "Old" Antitrust and Enforcement Priorities. 3. Dal dovere alla logica premiale: una misura della pressione dinamica e altre forme di tutela degli incentivi ad investire in R&S
No full textLUISS PhD Thesi
1. On the Effects of the Introduction of the Deficit Reduction Plans on the Dynamic of the Public Health Expenditure in Italy. 2. Heterogeneous Expectations and Stock Market Participation
No full textLUISS PhD Thesi
NATO and the EU: optimazing the value of partnership in a hypercompetitive world
No full textConceptual foundation for the study. Security challenges in 21st century. NATO and the EU: difference of background and purpose. NATO and the EU as a source of stability in an unstable world. NATO and the EU: optimizing the value of partnership in a hypercompetitive world.Conceptual foundation for the study. Security challenges in 21st century. NATO and the EU: difference of background and purpose. NATO and the EU as a source of stability in an unstable world. NATO and the EU: optimizing the value of partnership in a hypercompetitive world.LUISS PhD Thesi
Le Adr e i poteri giustiziali presso le Autorità indipendenti (i casi di Bankitalia, Consob e Agcom)
No full textAdr e arbitrati istituzionalizzati. L'arbitro bancario finanziario presso Bankitalia e la Camera di conciliazione e arbitrato presso la Consob. L'arbitrato presso l'autorità per le garanzie nelle comunicazioni.Adr e arbitrati istituzionalizzati. L'arbitro bancario finanziario presso Bankitalia e la Camera di conciliazione e arbitrato presso la Consob. L'arbitrato presso l'autorità per le garanzie nelle comunicazioni.LUISS PhD Thesi
Search phase and the openness effects in MNEs
No full textIn this work we focus on the search phase that precedes the knowledge transfer process. We argue that it is important to closely analyze this phase as, the common understanding of problem developed in this phase has a significant im-pact on the stages that follow. In this analysis we focus on two key factors: open-ness and the richness of media of communication that foster the openness within Multinational Corporation (MNC) environment. Furthermore, we also try to ex-plore the degree of knowledge transfer due to an open environment. Openness is a change that can be induced at the MNE level by the Headquarter (HQ), the effects of this change are behavioral in nature and can be observed at the subsidiary level in the type of media of communication usedIn this work we focus on the search phase that precedes the knowledge transfer process. We argue that it is important to closely analyze this phase as, the common understanding of problem developed in this phase has a significant im-pact on the stages that follow. In this analysis we focus on two key factors: open-ness and the richness of media of communication that foster the openness within Multinational Corporation (MNC) environment. Furthermore, we also try to ex-plore the degree of knowledge transfer due to an open environment. Openness is a change that can be induced at the MNE level by the Headquarter (HQ), the effects of this change are behavioral in nature and can be observed at the subsidiary level in the type of media of communication usedMonograph's chapter
Elementi di Economia e Diritto cognitivi
No full textStatuti epistemologici dell'economia: dalla storia alla matematica, verso le scienze cognitive. Nozioni e funzioni della razionalità in economia. Le nuove economie del secondo Novecento. Scienze cognitive: un'introduzione. Economia cognitiva. Dall'economia al diritto: il ponte della Law and Economics. Diritto cognitivo.Statuti epistemologici dell'economia: dalla storia alla matematica, verso le scienze cognitive. Nozioni e funzioni della razionalità in economia. Le nuove economie del secondo Novecento. Scienze cognitive: un'introduzione. Economia cognitiva. Dall'economia al diritto: il ponte della Law and Economics. Diritto cognitivo.LUISS PhD Thesi
Modelli previdenziali e scelte impositive
No full textSpunti ricostruttivi del regime fiscale della previdenza complementare. La previdenza complementare e le libertà fondamentali del Trattato sull’Unione Europea. Profili internazionali della tassazione delle prestazioni previdenziali.Spunti ricostruttivi del regime fiscale della previdenza complementare. La previdenza complementare e le libertà fondamentali del Trattato sull’Unione Europea. Profili internazionali della tassazione delle prestazioni previdenziali.LUISS PhD Thesi
On the role of dynamic leveraging in periods of discontinuous technological substitution
No full textStarting from the relevance of discontinuous technological substitution and the following possible criticalities in dealing with emerging technology, this thesis takes place with the aim of tackle the open issues concerning how successfully enter in a emerging technological domain and, in doing that, how to fruitfully leverage previous technological experience. Coherently with what introduce above aim I developed the thesis in two main parts. In the first parts, first of all, I give a general overview of the research projects I developed, mainly focusing on the research problems, research questions specifically addressed and the main contributions offer by the single papers. Second, I describe the methodology I used for development of the empirical analysis, with a specific focus on: the characteristic of the empirical settings and the reason of its choice; the kind of data collected; the procedures for develop the final dataset; the specification of the model used; the main variables used in the analysis used until nowadays. In the second parts I develop the focal papers of the thesis, which specifically concern the following issues: • What explain the success in an emerging technological domain? Our idea is that the success in an emerging technological domain may be explained by the characteristics of knowledge that firms develop and by the implemented processes of knowledge leveraging. Starting from the assumption that technological distance may differ on the base of knowledge proximity to the technological paradigm of the industry, we differentiate knowledge developed in terms of affected technological domains that knowledge is more likely to impact (i.e. knowledge specificity, knowledge complementarity in industry-‐related domains and knowledge complementarity in industry-‐unrelated domains). Base on the opposite effects that, by technological novelty and learning processes, technological distance has on innovative performance of new knowledge, this paper is aimed at the comprehension of the extent to which the specificity, rather 8 than the breadth of the knowledge developed, may affect firms’ technological performance in an emerging domain. Finally, a recent literature discussion has put in evidence the difference between firms’ previous technological experience and the dynamic firms’ capacity, in the face of a discontinuous technological shift, to actual leverage the output of this experience that is the knowledge developed by the firm. Therefore the second main focus concerns the identification of the more fruitful leveraging process firms may actually carry on during the development of new knowledge in an emerging domain.
• There is a need for solve what different streams of literature have jointly identified as a paradox: in the face of a discontinuous technological shift, incumbents’ competence endowments constitute the main obstacle, and at the same time, the main reason for their success. Extant literature has considered the effect of discontinuous technological shifts on firm competencies in a dichotomous manner. In order to address the apparent lack of conclusive results in this field, there is a need for a more nuanced perspective. Resolving the apparent contradiction between different existing literature streams calls for an explanation of the specific circumstances under which the leveraging of existing competencies constitute an advantage and when they instead are negative. In order to allow for this, we introduce the concept of architectural depth, which extends and nuances the role played by product architecture in periods of discontinuous technological change. Even in the case of technological substitution of a core component, some competencies may need to be renewed or created ex novo, whereas others can be maintained and leveraged. It is proposed that the ability of incumbents to implement a process of competence leveraging impacting on the way in which firms reorganize their competence endowments, can also be considered a manifestation of dynamic capabilities. Inresponse to the bulk of existing studies underlining the negative effect of drawing upon established firms’ competencies, we posit that competence leveraging under specific conditions can become a source of competitive advantage rather than a 9 constraint, and that the possibility of doing so is related to the architectural depth of incumbents’ product architectures.Starting from the relevance of discontinuous technological substitution and the following possible criticalities in dealing with emerging technology, this thesis takes place with the aim of tackle the open issues concerning how successfully enter in a emerging technological domain and, in doing that, how to fruitfully leverage previous technological experience. Coherently with what introduce above aim I developed the thesis in two main parts. In the first parts, first of all, I give a general overview of the research projects I developed, mainly focusing on the research problems, research questions specifically addressed and the main contributions offer by the single papers. Second, I describe the methodology I used for development of the empirical analysis, with a specific focus on: the characteristic of the empirical settings and the reason of its choice; the kind of data collected; the procedures for develop the final dataset; the specification of the model used; the main variables used in the analysis used until nowadays. In the second parts I develop the focal papers of the thesis, which specifically concern the following issues: • What explain the success in an emerging technological domain? Our idea is that the success in an emerging technological domain may be explained by the characteristics of knowledge that firms develop and by the implemented processes of knowledge leveraging. Starting from the assumption that technological distance may differ on the base of knowledge proximity to the technological paradigm of the industry, we differentiate knowledge developed in terms of affected technological domains that knowledge is more likely to impact (i.e. knowledge specificity, knowledge complementarity in industry-‐related domains and knowledge complementarity in industry-‐unrelated domains). Base on the opposite effects that, by technological novelty and learning processes, technological distance has on innovative performance of new knowledge, this paper is aimed at the comprehension of the extent to which the specificity, rather 8 than the breadth of the knowledge developed, may affect firms’ technological performance in an emerging domain. Finally, a recent literature discussion has put in evidence the difference between firms’ previous technological experience and the dynamic firms’ capacity, in the face of a discontinuous technological shift, to actual leverage the output of this experience that is the knowledge developed by the firm. Therefore the second main focus concerns the identification of the more fruitful leveraging process firms may actually carry on during the development of new knowledge in an emerging domain.
• There is a need for solve what different streams of literature have jointly identified as a paradox: in the face of a discontinuous technological shift, incumbents’ competence endowments constitute the main obstacle, and at the same time, the main reason for their success. Extant literature has considered the effect of discontinuous technological shifts on firm competencies in a dichotomous manner. In order to address the apparent lack of conclusive results in this field, there is a need for a more nuanced perspective. Resolving the apparent contradiction between different existing literature streams calls for an explanation of the specific circumstances under which the leveraging of existing competencies constitute an advantage and when they instead are negative. In order to allow for this, we introduce the concept of architectural depth, which extends and nuances the role played by product architecture in periods of discontinuous technological change. Even in the case of technological substitution of a core component, some competencies may need to be renewed or created ex novo, whereas others can be maintained and leveraged. It is proposed that the ability of incumbents to implement a process of competence leveraging impacting on the way in which firms reorganize their competence endowments, can also be considered a manifestation of dynamic capabilities. Inresponse to the bulk of existing studies underlining the negative effect of drawing upon established firms’ competencies, we posit that competence leveraging under specific conditions can become a source of competitive advantage rather than a 9 constraint, and that the possibility of doing so is related to the architectural depth of incumbents’ product architectures.LUISS PhD Thesi