Characterization of new flexible players: Deliverable D3.2

Project TradeRES - New Markets Design & Models for 100% Renewable Power Systems: https://traderes.eu/about/ABSTRACT: The subject matter of this report is the analysis of the electricity markets’ actors’ scene, through the identification of actor classes and the characterisation of actors from a behavioural and an operational perspective. The technoeconomic characterization of market participants aims to support the upcoming model enhancements by aligning the agent-based model improvements with the modern market design challenges and the contemporary characteristics of players. This work has been conducted in the context of task T3.2, which focuses on the factorization of the distinctive operational and behavioural characteristics of players in market structures. Traditional parties have been considered together with new and emerging roles, while special focus has been given on new actors related to flexible technologies and demand-side response. Among the main objectives have been the characterization of individual behaviours, objectives and requirements of different electricity market players, considering both the traditional entities and the new distributed ones, and the detailed representation of the new actors.N/

The internationalization paradigm and dynamic capabilities of Portuguese firms: contributions from case studies in the metallurgical and metal-mechanic sectors

Esta pesquisa mergulha na esfera microeconómica do setor secundário, visando iluminar os paradigmas de internacionalização das empresas Portuguesas. Um estudo de caso é conduzido nas empresas focais centrado no vértice estratégico. Uma revisão da literatura é realizada nos campos interdisciplinares das ciências económicas e da gestão, com uma focagem dualística no modelo processual de internacionalização de Uppsala e, comitantemente, na teoria das capacidades dinâmicas. No contexto da indústria, o estudo centra-se no setor da metalurgia e metalomecânica. É seguido um design comparativo, com uma configuração de caso múltiplo e unidades de análise incorporadas. Este enquadra-se numa abordagem qualitativa e posição filosófica interpretativista, com uma orientação dedutiva. A análise de dados está enraizada num quadro metodológico triádico: o procedimento analítico geral de Miles e Huberman (1984), o protocolo de Weber (1990) e o quadro de referência de Gioia (2009). Os casos exibem uma realidade de internacionalização multiparadigmática, com heterogeneidade entre si e sobreposição dimensional de alguns fenómenos, aderindo de forma distinta ao modelo de Uppsala e à teoria das capacidades dinâmicas. Em segundo lugar, os construtos seminais abordados na problemática de partida revelam efeitos distintos. Verificou-se uma relação positiva entre os paradigmas de internacionalização observados e os fatores de distância psíquica. Os fatores de distância geográfica, observam um efeito ambidexteriano (relação positiva e de espúrio). A última é causada pelo fenómeno contingencial de perificidade económica (com raízes nas teorias Ricardiana e Smithiana da competividade nacional e absoluta) revelando uma necessidade latente de políticas públicas para restaurar o equilíbrio de forças com os outros mercados da UE e estimular os fluxos de investimento para o exterior. Terceiro, as capacidades dinâmicas (CDs tipo 1 e 2) revelam processos de reconfiguração orientados para a ambidexteridade internacional, porquanto as CD globais demonstram sinais de mutabilidade e transferabilidade bidireccional para múltiplos pontos de destino.This research plunges into the microeconomic orb of the Portuguese economy of the secondary sector, aiming to illuminate the internationalization paradigms of these firms. A case research is conducted upon the focal firms focused on their strategic apex. A literature review is performed in the interdisciplinary fields of economics and managerial sciences, dualistically centered on the internationalization process model of Uppsala, and commitantly, at the dynamic capabilities theory. In the context of the manufacturing industries, this study focusses on the sector of metallurgy and metal-mechanic. A comparative design is followed, with a multiple case setting and embedded hermeneutic units of analysis. It fits a qualitative approach within an interpretative philosophical stance with a deductive orientation. The qualitative data analysis process is rooted in a triadic methodological framework: the general analytical procedure of Miles and Huberman (1984), the Weber protocol (1990) and the framework of Gioia (2009). The cases exhibited a multiparadigmatic internationalization reality, with heterogeneity among them although with some overlapping phenomena adhering differently to the U-model and to the dynamic capabilities doctrine. Second, seminal constructs addressed in the initial problematization revealed distintive relations. The psychic distance factors of the U-model were positively perceived as a true relation. The geographical distance factors observe an ambidexterian effect - true and spurious. The latter caused by the contingency phenomenon of economic periphery uncovers a latent need for public policies to retrieve the equilibrium of competitive forces with other EU markets and stimulate the outward flow of investment of the firms. Third, the DCs, both type 1 and type 2, exhibit processes of reconfiguration oriented towards international ambidexterity, while the GDCs evidence of DC mutability and indiscriminate bidirectional transferability