: Henner Gimpel, Nicholas R. Jennings, Gregory E. Kersten, Axel Ockenfels, Christof Weinhardt
: Negotiation, Auctions, and Market Engineering International Seminar, Dagstuhl Castle, Germany, November 12-17, 2006, Revised Selected Papers
: Springer-Verlag
: 9783540775546
: 1
: CHF 40.80
:
: Internet
: English
: 242
: DRM
: PC/MAC/eReader/Tablet
: PDF

This book contains a selection of papers presented at the International Seminar 'Negotiation and Market Engineering', held at Dagstuhl Castle, Germany, in November 2006. The 17 revised full papers presented in this volume were carefully selected and reviewed after the seminar. The papers deal with the complexity of negotiations, auctions, and markets as economic, social, and IT systems. The authors give a broad overview on the major issues to be addressed and the methodologies used to approach them, covering highly interdisciplinary research from computer science, economics, business administration, and mathematics.

Preface5
Table of Contents7
Market Engineering: A Research Agenda9
Introduction – Design Matters9
Interdisciplinary Research12
An Engineering Framework15
The Engineering Process16
Outline of the Book18
Conclusions21
References21
On Comparison of Mechanisms of Economic and Social Exchanges: The Times Model24
Introduction24
Auctions and Negotiations27
Auctions27
Negotiations28
Hybrid Forms29
Experimental and Field Studies30
Auctions and Negotiations in Economics30
Lessons Learned Form Economic Research32
Information Systems Research33
Lessons Learned from Information Systems Research36
Mechanism and System Design37
Basic Concepts and Theory Building38
Design Research in IS40
Convergence of IS and Economics Designs41
TIMES Model42
Basic Concepts and Dependencies of the TIMES Model42
TIMES Constructs44
Discussion and Future Work46
References47
A Decision Support System for Choosing Market Mechanisms in e-Procurement52
Introduction52
Computer Aided Market Engineering53
Related Work55
Knowledge Acquisition, Storage and Evaluation57
System Design and Implementation60
System Design60
System Workflow for Recommendation Retrieval61
Conclusion and Outlook63
Applying Auction Theory to Procurement Auctions – An Empirical Study Among German Corporations66
Introduction66
Theoretical Background and Research Hypothesis66
Empirical Research Approach68
Results of the Empirical Study69
Conclusions and Managerial Implications71
References74
On the Design of Simple Multi-unit Online Auctions76
References79
A Comparison Between Mechanisms for Sequential Compute Resource Auctions80
Introduction80
Buisness Scenarios80
Related Work81
Methods and Aparatus: A Render Utility Simulator82
Infrastructure Model82
Rendering Model82
Auction Models83
Bidding Strategies85
Measuring Bidding Strategy Performance85
Restricting the Space of Strategies Considered85
PS Polynomial Family of Strategies86
GV Polynomial Family of Strategies86
Methods for Finding the Best Strategies87
Results87
Evolved Polynomial Bid Functions88
Performance Data88
Conclusion90
MACE: A Multi-attribute Combinatorial Exchange92
Introduction92
Requirements Upon the Mechanism93
Design Objectives93
Domain-Specific Requirements94
The MACE Mechanism95
Bidding Language96
Winner Determination98
Pricing101
Evaluation103
Data Basis104
Implementation104
Results105
Conclusion106
Engineering Grid Markets109
Introduction109
Market Engineering110
Environmental Analysis112
Motivating Scenario112
Requirement Analysis113
Related Work114
Tailoring a Market for Grid Services^{1}116
Winner Determination Problem118
Pricing Schemes119
Concluding Remarks122
References122
Shaman: Software and Human Agents in Multiattribute Auctions and Negotiations124
Introduction124
Foundations129
Decision Support Systems129
Software Agents and MAS130
Auction and Negotiation Protocols and Taxonomy132
E-Markets and Other Meeting Places134
Four Platforms134
Invite e-Negotiation Platform134
eNAs e-Negotiation Agency138
meet2trade Auction Platform141
GoGo Group-Buying Platform145
Shaman Framework and Functions150
Framework150
The Use of Shaman152
Local DSS153
Conclusions153
References154
An Experiment on Investor Behavior in Markets with Nonlinear Transaction Fees158
Introduction158
Nonlinear Price Schedule Design159
Types of Nonlinear Price Schedules159
Caps and Floors160
Design Parameters161
Field Experiment162
Motivation162
Experimental Design163
Hypotheses165
Experimental Results165
Number of O