| Preface | 5 |
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| Table of Contents | 7 |
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| Market Engineering: A Research Agenda | 9 |
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| Introduction – Design Matters | 9 |
| Interdisciplinary Research | 12 |
| An Engineering Framework | 15 |
| The Engineering Process | 16 |
| Outline of the Book | 18 |
| Conclusions | 21 |
| References | 21 |
| On Comparison of Mechanisms of Economic and Social Exchanges: The Times Model | 24 |
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| Introduction | 24 |
| Auctions and Negotiations | 27 |
| Auctions | 27 |
| Negotiations | 28 |
| Hybrid Forms | 29 |
| Experimental and Field Studies | 30 |
| Auctions and Negotiations in Economics | 30 |
| Lessons Learned Form Economic Research | 32 |
| Information Systems Research | 33 |
| Lessons Learned from Information Systems Research | 36 |
| Mechanism and System Design | 37 |
| Basic Concepts and Theory Building | 38 |
| Design Research in IS | 40 |
| Convergence of IS and Economics Designs | 41 |
| TIMES Model | 42 |
| Basic Concepts and Dependencies of the TIMES Model | 42 |
| TIMES Constructs | 44 |
| Discussion and Future Work | 46 |
| References | 47 |
| A Decision Support System for Choosing Market Mechanisms in e-Procurement | 52 |
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| Introduction | 52 |
| Computer Aided Market Engineering | 53 |
| Related Work | 55 |
| Knowledge Acquisition, Storage and Evaluation | 57 |
| System Design and Implementation | 60 |
| System Design | 60 |
| System Workflow for Recommendation Retrieval | 61 |
| Conclusion and Outlook | 63 |
| Applying Auction Theory to Procurement Auctions – An Empirical Study Among German Corporations | 66 |
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| Introduction | 66 |
| Theoretical Background and Research Hypothesis | 66 |
| Empirical Research Approach | 68 |
| Results of the Empirical Study | 69 |
| Conclusions and Managerial Implications | 71 |
| References | 74 |
| On the Design of Simple Multi-unit Online Auctions | 76 |
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| References | 79 |
| A Comparison Between Mechanisms for Sequential Compute Resource Auctions | 80 |
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| Introduction | 80 |
| Buisness Scenarios | 80 |
| Related Work | 81 |
| Methods and Aparatus: A Render Utility Simulator | 82 |
| Infrastructure Model | 82 |
| Rendering Model | 82 |
| Auction Models | 83 |
| Bidding Strategies | 85 |
| Measuring Bidding Strategy Performance | 85 |
| Restricting the Space of Strategies Considered | 85 |
| PS Polynomial Family of Strategies | 86 |
| GV Polynomial Family of Strategies | 86 |
| Methods for Finding the Best Strategies | 87 |
| Results | 87 |
| Evolved Polynomial Bid Functions | 88 |
| Performance Data | 88 |
| Conclusion | 90 |
| MACE: A Multi-attribute Combinatorial Exchange | 92 |
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| Introduction | 92 |
| Requirements Upon the Mechanism | 93 |
| Design Objectives | 93 |
| Domain-Specific Requirements | 94 |
| The MACE Mechanism | 95 |
| Bidding Language | 96 |
| Winner Determination | 98 |
| Pricing | 101 |
| Evaluation | 103 |
| Data Basis | 104 |
| Implementation | 104 |
| Results | 105 |
| Conclusion | 106 |
| Engineering Grid Markets | 109 |
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| Introduction | 109 |
| Market Engineering | 110 |
| Environmental Analysis | 112 |
| Motivating Scenario | 112 |
| Requirement Analysis | 113 |
| Related Work | 114 |
| Tailoring a Market for Grid Services^{1} | 116 |
| Winner Determination Problem | 118 |
| Pricing Schemes | 119 |
| Concluding Remarks | 122 |
| References | 122 |
| Shaman: Software and Human Agents in Multiattribute Auctions and Negotiations | 124 |
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| Introduction | 124 |
| Foundations | 129 |
| Decision Support Systems | 129 |
| Software Agents and MAS | 130 |
| Auction and Negotiation Protocols and Taxonomy | 132 |
| E-Markets and Other Meeting Places | 134 |
| Four Platforms | 134 |
| Invite e-Negotiation Platform | 134 |
| eNAs e-Negotiation Agency | 138 |
| meet2trade Auction Platform | 141 |
| GoGo Group-Buying Platform | 145 |
| Shaman Framework and Functions | 150 |
| Framework | 150 |
| The Use of Shaman | 152 |
| Local DSS | 153 |
| Conclusions | 153 |
| References | 154 |
| An Experiment on Investor Behavior in Markets with Nonlinear Transaction Fees | 158 |
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| Introduction | 158 |
| Nonlinear Price Schedule Design | 159 |
| Types of Nonlinear Price Schedules | 159 |
| Caps and Floors | 160 |
| Design Parameters | 161 |
| Field Experiment | 162 |
| Motivation | 162 |
| Experimental Design | 163 |
| Hypotheses | 165 |
| Experimental Results | 165 |
| Number of O
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