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  • Open Access
  • © 2021

Market Engineering

Insights from Two Decades of Research on Markets and Information


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  • Covers a broad range of topics related to market engineering and information management

  • Provides recent research and overviews of application areas such as auctions, stock markets, electricity markets, the sharing economy, information and emotions in markets, or smart decision-making in cities

  • Honors the lifework of Christof Weinhardt with his enormous and ongoing contributions to market engineering and information management research and practice

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Softcover Book
USD 49.99
Price excludes VAT (USA)
Hardcover Book
USD 59.99
Price excludes VAT (USA)

Table of contents (14 chapters)

  1. Front Matter

    Pages i-x
  2. Information and Market Engineering at KIT: Quo Vadis?

    • David Dann, Michael Thomas Knierim, Christian Peukert, Philipp Staudt, Tim Straub
    Pages 1-19Open Access
  3. Market Success: The Quest for the Objectives and Success Factors of Markets

    • Henner Gimpel, Lisa Hanny, Marion Ott, Jonathan Wagner, Martin Weibelzahl, Martin Bichler et al.
    Pages 21-44Open Access
  4. Taxonomy Development for Business Research: A Hands-On Guideline

    • Dennis M. Steininger, Manuel Trenz, Daniel J. Veit
    Pages 69-86Open Access
  5. Understanding Emotions in Electronic Auctions: Insights from Neurophysiology

    • Marc T. P. Adam, Jan Krämer
    Pages 87-98Open Access
  6. Studying Conceptual Modeling Processes: A Modeling Tool, Research Observatory, and Multimodal Observation Setup

    • Stefan Strecker, Kristina Rosenthal, Benjamin Ternes
    Pages 99-111Open Access
  7. Engineering Energy Markets: The Past, the Present, and the Future

    • Clemens van Dinther, Christoph M. Flath, Johannes Gaerttner, Julian Huber, Esther Mengelkamp, Alexander Schuller et al.
    Pages 113-134Open Access
  8. Can Immersive Systems Help Address Sustainability Goals? Insights from Research in Information Systems

    • Jella Pfeiffer, Jonas Fegert, Anke Greif-Winzrieth, Greta Hoffmann, Christian Peukert
    Pages 135-150Open Access
  9. On the Potency of Online User Representation: Insights from the Sharing Economy

    • Timm Teubner, Marc T. P. Adam, Florian Hawlitschek
    Pages 167-181Open Access
  10. The Socialoid: A Computational Model of a City

    • Margeret Hall, Christian Haas, Johanna Schacht, Steven O. Kimbrough
    Pages 199-219Open Access
  11. Data Analytics for Smart Decision-Making and Resilient Systems

    • Benjamin Blau, Clemens van Dinther, Christoph M. Flath, Rico Knapper, Daniel Rolli
    Pages 221-239Open Access
  12. Academic Poem for Christof

    • Kurt Kammerer, Ulrike Smetsers, Anna Maier
    Pages 241-243Open Access

About this book

This open access book provides a broad range of insights on market engineering and information management. It covers topics like auctions, stock markets, electricity markets, the sharing economy, information and emotions in markets, smart decision-making in cities and other systems, and methodological approaches to conceptual modeling and taxonomy development. Overall, this book is a source of inspiration for everybody working on the vision of advancing the science of engineering markets and managing information for contributing to a bright, sustainable, digital world.

Markets are powerful and extremely efficient mechanisms for coordinating individuals’ and organizations’ behavior in a complex, networked economy. Thus, designing, monitoring, and regulating markets is an essential task of today’s society. This task does not only derive from a purely economic point of view. Leveraging market forces can also help to tackle pressing social and environmental challenges. Moreover, markets process, generate, and reveal information. This information is a production factor and a valuable economic asset. In an increasingly digital world, it is more essential than ever to understand the life cycle of information from its creation and distribution to its use. Both markets and the flow of information should not arbitrarily emerge and develop based on individual, profit-driven actors. Instead, they should be engineered to serve best the whole society’s goals. This motivation drives the research fields of market engineering and information management.

With this book, the editors and authors honor Professor Dr. Christof Weinhardt for his enormous and ongoing contribution to market engineering and information management research and practice. It was presented to him on the occasion of his sixtieth birthday in April 2021. Thank you very much, Christof, for so many years of cooperation, support, inspiration, and friendship.


  • Information Systems
  • Information Management
  • Business Information Systems
  • e-Services
  • e-Finance
  • Decision Support Systems
  • Open Access

Editors and Affiliations

  • University of Hohenheim, Stuttgart, Germany

    Henner Gimpel

  • University of Passau, Passau, Germany

    Jan Krämer

  • University of Freiburg, Freiburg im Breisgau, Germany

    Dirk Neumann, Anke Weidlich

  • University of Giessen, Giessen, Germany

    Jella Pfeiffer

  • University of Bayreuth, Bayreuth, Germany

    Stefan Seifert

  • Technical University of Berlin, Berlin, Germany

    Timm Teubner

  • University of Augsburg, Augsburg, Germany

    Daniel J. Veit

About the editors

 Henner Gimpel holds the chair for Digital Management at the University of Hohenheim and is affiliated with the University of Augsburg and Fraunhofer FIT. His research interests include the analysis and design of digital markets and human-centered, behavioral information systems.

 Jan Krämer is Full Professor in Information Systems at the University of Passau, Germany, where he holds the chair of Internet and Telecommunications Business. His research focuses on the regulation of telecommunications and internet markets, as well as digital platform ecosystems and data-driven business models.

 Dirk Neumann is Full Professor with the Chair of Information Systems of the University of Freiburg, Germany. His research topics include Business Analytics, Text Mining and Machine Learning.

Jella Pfeiffer is Professor for Digitalization, E-Business and Operations Management at Giessen University. Her research interests include decision making and decision support in e-commerce and virtual-reality-commerce, and digital platforms in general, by applying experimental research and data science approaches.

 Stefan Seifert is Professor of Technology and Innovation Management at the University of Bayreuth. His research centers around auctions with a focus on applications in procurement, licensing, and renewable energy markets.

Timm Teubner is Assistant Professor of Trust in Digital Services at the Einstein Center Digital Future (ECDF) and TU Berlin. The main focus of his work are digital platforms, including trust and reputation systems, human-computer interaction, and crowdsourcing.

Daniel J. Veit is Full Professor in Business Administration and Information Systems at the University of Augsburg, Germany. His research focuses on transformational effects of information systems and digitalization on individuals, organizations and society with a specific emphasis on sustainability.

 Anke Weidlich is Professor for Control and Integration of Grids at the University of Freiburg, Germany. Her research focuses on electricity markets, power grids and energy system analysis, with a special emphasis on sustainability perspectives.

Bibliographic Information

  • Book Title: Market Engineering

  • Book Subtitle: Insights from Two Decades of Research on Markets and Information

  • Editors: Henner Gimpel, Jan Krämer, Dirk Neumann, Jella Pfeiffer, Stefan Seifert, Timm Teubner, Daniel J. Veit, Anke Weidlich

  • DOI:

  • Publisher: Springer Cham

  • eBook Packages: Computer Science, Computer Science (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2021

  • License: CC BY

  • Hardcover ISBN: 978-3-030-66660-6

  • Softcover ISBN: 978-3-030-66663-7

  • eBook ISBN: 978-3-030-66661-3

  • Edition Number: 1

  • Number of Pages: X, 243

  • Number of Illustrations: 6 b/w illustrations, 20 illustrations in colour

  • Topics: Computer and Information Systems Applications, IT in Business, e-Commerce and e-Business

Buying options

Softcover Book
USD 49.99
Price excludes VAT (USA)
Hardcover Book
USD 59.99
Price excludes VAT (USA)