Buying used products for remanufacturing: negotiating or posted pricing

Product reclamation is a critical process in remanufacturing. It is generally assumed in the literature that customers simply want to get rid of their used products without expecting any compensation for them. Some authors have only recently started looking into firms that offer a posted (fixed) price for them. Following recent reports suggesting that customers are increasingly open to bargaining, we compare using a posted price and bargaining to obtain used products. In our analysis, we consider an original manufacturer acting as a monopolist as well as a manufacturer and an independent remanufacturer acting in a duopoly. We analytically show that bargaining is always beneficial to the monopoly manufacturer. In the duopoly case, we distinguish a Cournot competition and a market with the manufacturer as Stackelberg leader. The results of a numerical study show that both firms will use posted pricing in the Cournot competition, especially if bargaining is not costless. By contrast, the remanufacturer can significantly increase his profit by using negotiations if he is the Stackelberg follower.     

Perceptions of Legitimacy in Nordic Regional Development Networks

This article examines actors’ views on legitimacy in governance networks in four Nordic countries. The analysis is based on a survey of similar regional development networks in Denmark, Norway, Sweden and Finland. The countries form a continuum, in which the connection between legitimacy and representative democracy is strongest in Denmark and weakest in Finland. Norway and Sweden fall in between the two. Not only the strength, but also the form of the connection, and the weight given to it vary among the countries. Article contributes to the debate on democracy in network governance.     

Will this voluntary project be successful?: Validation of an instrumental model of volunteering behavior

This study examines whether instrumental considerations influence people's decision to start volunteering. Using social dilemma theory as a basis, the authors assume that the decision to start volunteering is contingent on whether a voluntary program will be successful in achieving a collective goal. The study's findings underscore the importance of anticipated success likelihood perceptions, which appear to have a major impact on potential volunteers' decision‐making process. Furthermore, social consensus beliefs relating to proximate referents have a more distinct impact than do social consensus beliefs relating to distant referents. Finally, the study reveals interesting gender‐specific differences. On the basis of the results from the empirical analysis, the study offers implications for management and avenues for further research.     

The Voluntary Facial Action Technique: A Method to Test the Facial Feedback Hypothesis

According to the facial feedback hypothesis, facial muscles do not only express emotions, they also have the ability to modulate subjective experiences of emotions and to initiate emotions. This study examined the voluntary facial action technique, where participants were instructed to react with the Zygomatic major muscle (smile) or the Corrugator supercilii muscle (frown) when exposed to different stimuli. The results demonstrate that the technique effectively induces facial feedback effects. Through use of this technique we further addressed three important areas of facial feedback and found, first, that facial feedback did not modulate the experience of positive and negative emotion evoking stimuli differently. Second, the modulating ability provided significant feedback effects, while the initiating ability did not. Third, an effect of feedback remained and could be detected even some time after the critical manipulation. It is concluded that the present technique can be used in the future study of facial feedback.     

Well-being and ill-being: Different dimensions?

This paper presents evidence for regarding well-being and ill-being as distinct, although not orthogonal dimensions. It is suggested that well-being and ill-being may be like measures of quantitative and verbal ability in intelligence tests. For some purposes (e.g. for admitting students to particular courses of study) it may be sensible to use only one of the measures. For other purposes a combined measure-I.Q.-is appropriate. In this study we employ Indices of Well-Being and Ill-Being and a combined measure, Balance of Well-Being and Ill-Being. Using data from the first wave (1981) of an Australian panel study (N=942), four measures of well-being and three measures of ill-being were factor analysed, confirming the existence of distinct dimensions. The value of the distinctions was underlined by findings indicating that well-being and ill-being have different correlates and causes. Wellbeing depends more than ill-being on the personality traits of extraversion and optimism, and also on the existence of supportive social networks. Ill-being is more strongly related to SES, poor health and low scoring on the trait “personal competence”,. Overall, however, it was found that more variance can be accounted for in the Balance of Well-Being and Ill-Being Index than in the separate indices of Well-Being and Ill-Being.     

The Swing of the Regulatory Pendulum in Europe: From Precautionary Principle to (Regulatory) Impact Analysis

Regulation in Europe is currently driven by three distinct, yet not entirely unrelated factors. These are competitiveness, sustainable development and governance. Increasingly these factors influence both the need for, and concepts of, what the European Commission (the Commission) refers to as “better regulation.” To ensure better regulation, two regulatory philosophies have been put forward, namely the precautionary principle and impact assessment.^1,2 In this paper, I first briefly describe the current drivers of better regulation. Then I examine the use of these two regulatory philosophies in helping to achieve better regulation. In the final section I offer some speculations on the future development of European Union (EU) regulation. Will elements of the Commission and the EU member states operate in an even more precautionary environment, or will the implementation of the precautionary principle be seen as too costly, forcing regulators to resort to an even greater use of impact analysis?     

Subjective qualitative information structures based on orderings

This paper is motivated by the following question: Can one axiomatize information first and then probability in terms of information rather than vice versa as suggested by information theory? The emphasis here is on a new methodological approach toward a conceptualization of behavioral information which might be better suited for inferences involving nonrepeatable events or an insufficient number of repeatable events, based on the assumption that information is prior to probability statements. The main idea is to generate (via a Boolean homorphism) a Boolean algebra of events by an appropriate information structure and to utilize the notion of a topogeneous order similar to that of a Boolean order.