The allocation or assignment of emissions allowances is among the most con-tentious elements of the design of emissions trading systems. Policy-makers usuallytry to satisfy a range of goals through the allocation process, including easing thetransition costs for high-emissions rms, reducing...

Innovation research and organizational practice often focuses on R&D investments and activitiescarried out in designated departments and controlled processes. Anecdotal evidence tells us,however, that this centralized and formalistic approach to innovation is often insufficient. Asignificant...