Regulatory Sandboxes and Innovation-Friendly Regulation: Between Collaboration and Capture

Regulatory sandboxes, controlled regulatory environments for the testing of novel products or processes, have garnered an increasing amount of attention over the last decade and have been recently presented as innovation-friendly instruments. This article contends that fostering responsible innovation through regulatory sandboxes presents significant challenges. First, there is no consensus on what the advancement of innovation entails, how to achieve it, and what the role of regulations and regulatory sandboxes should be in it. Second, there is a lack of clarity regarding the definition and functioning of regulatory sandboxes. Third, there is a risk of regulatory capture due to the close collaboration between regulators and regulates and potential lack of transparency regarding the choice of regulatory interventions within the sandbox. Drawing on Italy’s initial experiences with general and sectorspecific regulatory sandboxes and existing scholarship on experimental regulatory instruments, this article contributes to the ongoing debate on regulation and innovation by critically examining the interplay between regulatory sandboxes and the promotion of responsible innovation. Furthermore, it explores the impact of regulatory sandboxes on the evolving collaborative dimensions of public law and provides policymakers and regulators with actionable insights for navigating this innovative regulatory tool

Integrating Intuition and Rationality in Strategic Decision-Making Processes: Insights from Product Development in Multinational Corporations

This study delves into the strategic decision-making process (SDMP) within the context of new product development (NPD), exploring the nuanced interplay between intuition and rationality as key drivers in product innovation. It investigates how top and middle managers in multinational corporations' subsidiaries in the Netherlands navigate the tension between intuitive and rational decision-making to enhance the effectiveness of NPD initiatives. Through 15 semi-structured interviews, the research identifies six key influencing factors: personality characteristics, cognitive styles, experience, environmental forces, organizational resource constraints, and the strategic importance of decisions. It reveals two distinct integration patterns, intuition-rationality (IR) and rationality-intuition (RI), and three latent dimensions influencing decision-making: feeling affirmation, experience-based judgment, and holistic information processing. The findings underscore the critical role of integrating intuition and rationality in improving decision-making quality within NPD, particularly in terms of time efficiency, creativity, and persuasion power. This paper significantly contributes to the SDMP literature by demonstrating the complex conditions under which intuition and rationality can be seamlessly integrated to achieve superior outcomes in product development, promoting a holistic approach to decision-making that is pivotal for innovation and strategic competitiveness in new product initiatives

How Metaverse Creates Value for Luxury Brands

Frame of the research. Metaverse is quickly attracting the attention of luxury brands. Different levels of understanding and adoption are currently being utilized by luxury companies, whose attitudes toward this technology range from skepticism to enthusiasm. While Metaverse has the potential to reshape the way luxury brands create value for their customers and other stakeholders, the ingredients to create successful business models are still under scrutiny. Many variables seem to co-exist, and the synergistic impact of the different Metaverse environments, along with their enabling features and supporting technologies on luxury remains a relatively unexplored domain. Purpose of the paper. Introduce a new conceptualization of the Metaverse for luxury brands, offering a framework to assist in building value for customers and stakeholders. Metholodology. Exploratory, qualitative research methodology, based on 15 in-depth structured interviews with top managers of luxury brands. Results. The paper introduce a theoretical framework that links investments in Metaverse Technologies with customers’ perception of luxury attributes, the influence across a wide spectrum of stakeholders, and the link with strategic objectives. Research limitations. The sample of respondents, which represents the perspective of 15 top managers of the sector, might be enlarged in the future. Additionally, future research could develop quantitative analyses to structurally connects the different variables in the model. Managerial implications. The research shows how luxury brands can unlock the full potential of the Metaverse to reinforce, re-generate, access, and engage relevant stakeholders, affecting a relevant set of luxury attributes, strengthening relationships with existing customers, and embracing new target audiences. Originality of the paper. Introducing a new framework that connects Metaverse Technologies, with their impact on luxury attributes, stakeholders’s audience and business objectives

Copula-Based Fuzzy Clustering of Count Data with Total Variation Distance

This paper presents a novel fuzzy clustering technique designed specifically for count data, referred to as the Fuzzy C-medoids algorithm based on Total Variation Distance. We evaluate its performance against a benchmark relying on Shannon divergence, commonly employed in scenarios involving discrete probability distributions, through simulation analysis. A comprehensive evaluation of the proposed approach’s effectiveness is carried out, revealing promising results. The study’s findings emphasize the potential of the proposed fuzzy method, particularly in scenarios where discrete probability distributions are involved

EU Rule of Law Procedures at the Test Bench. Managing Dissensus in the European Constitutional Landscape

This book analyses the EU rule of law instruments from the perspective of the academic, inter- and intra-institutional dissensus at the EU level. The angle of analysis proposed by this book allows to detect the sources of dissensus inherent in the design of the EU rule of law toolbox and in their enforcement. The proliferation of the instruments, without any major efforts of systematization, seems to be part of the problem, with a series of overlaps. At the same time, especially in the post-pandemic context, the procedures implementing the various EU rule of law tools have become more and more intertwined, so that it becomes difficult to disentangle one from the other in terms of effects. The book thus feed the debate on the strengths and deficiencies of the EU rule of law toolbox ten years after the first ad hoc measures were adopted, also offering some recommendations on how to turn dissensus into constructive mechanisms to improve the management of the rule of law in the EU

Sensi di pena.: la responsabilità da reato degli enti in Germania e la ratio delle sanzioni

Le origini, da societas delinquere non potest alla responsabilizzazione degli enti. Effettività ed effetti da responsabilizzazione a sanzione. Efficienza ed armonizzazione: l'Antitrust, un modello