This article researches factors that influence price fairness judgments. The empirical literature suggests several factors: reference prices, the costs of the seller, a self-interest bias, and the perceived motive of sellers. Using a Dutch sample, we find empirical evidence that these factors significantly affect perceptions of fair prices. In addition, we find that the perceived fairness of prices is also influenced by other distributional concerns that are independent of the transaction. In particular, price increases are judged to be fairer if they benefit poor people or small organizations rather than rich people or big organizations.
Price transparency is an essential precondition torealize careless cross-border charging in Europe.Unfortunately, in many countries price transparency inEV charging is problematic. A lack of transparency canlead to unnecessary high costs of charging for EV driversand makes it difficult to compare the total cost ofownership. Insight into the prices for public charging isa hurdle that has to be overcome for widespreadadoption of EVs. An introductory overview is presentedof the main regulations, challenges and opportunitiesregarding price transparency in important EV marketsacross Europe. This overview is presented to underscorethe importance for the EU to take next steps.
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Concerns about the negative consequences of the excessive underpricing of the current arrangement in the initial public offering (IPO) market for the provision of entrepreneurial finance—book building—have led to research into the viability of auctions for IPO pricing and allocation. IPO firms face a trade-off between the benefit of accurate and reliable IPO price discovery and the cost of underpricing. The main aim of this paper was to gain new scientific knowledge about this trade-off by measuring the impact of two key variables on this trade-off: capacity restraint and discount on the auction clearing price. Using controlled experiment methodology in multi-unit uniform price auctions we found that the most capacity-restricted auctions that also offer investors a discount are likely to produce the most accurate and reliable price discovery and consequently, the most predictable auction outcome. There are indications that a discount of 8% may suffice to incentivize investors to reliably contribute to price discovery. The resulting underpricing (and its variability) of these auctions is likely to be significantly lower than if book building would be used to price and allocate IPOs. Technological innovation in the IPO market through the application of recent advances in data science, experimental economics and artificial intelligence allows for the optimization of IPO mechanisms and crowdfunding platforms which in turn improves the access to equity required for entrepreneurial finance.
A-das-PK; een APK-straat voor rijhulpsystemen Uit recent onderzoek en vragen vanuit de autobranche blijkt een duidelijke behoefte naar goed onderhoud, reparatie en borging van de werking van Advanced Driver Assistance Systems (ADAS), vergelijkbaar met de reguliere APK. Een APK voor ADAS bestaat nog niet, maar de branche wil hier wel op te anticiperen en haar clientèle veilig laten rijden met de rijhulpsystemen. In 2022 worden 30 ADAS’s verplicht en zal de werking van deze systemen ook gedurende de levensduur van de auto gegarandeerd moeten worden. Disfunctioneren van ADAS, zowel in false positives als false negatives kan leiden tot gevaarlijke situaties door onverwacht rijgedrag van het voertuig. Zo kan onverwacht remmen door detectie van een niet bestaand object of op basis van verkeersborden op parallelwegen een kettingbotsing veroorzaken. Om te kijken welke gevolgen een APK heeft voor de autobranche wil A-das-PK voor autobedrijven kijken naar de benodigde apparatuur, opleiding en hard- en software voor een goed werkende APK-straat voor ADAS’s, zodat de kansrijke elementen in een vervolgonderzoek uitgewerkt kunnen worden.
Due to the existing pressure for a more rational use of the water, many public managers and industries have to re-think/adapt their processes towards a more circular approach. Such pressure is even more critical in the Rio Doce region, Minas Gerais, due to the large environmental accident occurred in 2015. Cenibra (pulp mill) is an example of such industries due to the fact that it is situated in the river basin and that it has a water demanding process. The current proposal is meant as an academic and engineering study to propose possible solutions to decrease the total water consumption of the mill and, thus, decrease the total stress on the Rio Doce basin. The work will be divided in three working packages, namely: (i) evaluation (modelling) of the mill process and water balance (ii) application and operation of a pilot scale wastewater treatment plant (iii) analysis of the impacts caused by the improvement of the process. The second work package will also be conducted (in parallel) with a lab scale setup in The Netherlands to allow fast adjustments and broaden evaluation of the setup/process performance. The actions will focus on reducing the mill total water consumption in 20%.
The growing awareness of consumers of the increasing problem with livestock and meat production due to the high nitrogen emissions and the related impact on climate change drives consumption of plant based vegetarian alternatives. Similarly there is also an increasing demand for animal-free, eco-friendly alternative vegan leather. Consequently there has been significant interest in developing leather-like vegan materials from multiple plant sources, such as mango, pineapple and mushroom based materials. However, the commercialization and the growth of sustainable vegan leather production is hampered significantly by the difficulty of achieving the needed quality for the various consumer products as well as the high prices of the vegan alternatives. In the Growing Leather project two SMEs, BioscienZ and B4Plastics, will combine forces with Avans University of Applied Sciences to develop vegan leather from the mushroom based material called mycelium. BioScienZ is a biotech company with strong expertise and capacity to produce low-cost and consistent quality mycelium. B4Plastics is a material development company, with strengths in designing and distributing eco-plastic products. In this project Avans University will use several mycelium types (produced by BioscienZ), and with the guidance of B4Plastics, it will test various additives under many different conditions, to ultimately develop an environmentally friendly, vegan material that will have comparable material characteristics to animal leather and is competitive in price.
