Market Engineering: A Research Agenda
- Cite this paper as:
- Gimpel H., Jennings N.R., Kersten G.E., Ockenfels A., Weinhardt C. (2008) Market Engineering: A Research Agenda. In: Gimpel H., Jennings N.R., Kersten G.E., Ockenfels A., Weinhardt C. (eds) Negotiation, Auctions, and Market Engineering. Lecture Notes in Business Information Processing, vol 2. Springer, Berlin, Heidelberg
Market engineering is the discipline of making markets work. It encompasses the use of legal frameworks, economic mechanisms, management science models, and information and communication technologies for the purposes of: (i) designing and constructing forums where goods and services can be bought and sold and (ii) providing services associated with buying and selling. Against this background, this paper sets out the need for a coherent and encompassing agenda in this area and highlights the key constituent building blocks.
KeywordsMarkets Auctions Negotiations Economic Engineering
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