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meet2trade: An Electronic Market Platform and Experiment System

Kolitz, Klaus; Block, Carsten; Weinhardt, Christof

Abstract:
The development of new electronic markets is challenging, since many factors influence the market outcomes and hence the markets’ success. Even worse, a fundamental lesson learned from economics is that details matter: small changes in market design can have a significant impact on the market participant’s behaviors and thus on the achieved outcomes. Consequently a well structured process for design, implementation, testing and maintenance of markets is required. meet2trade is a software tool suite designed to systematically support each step of such a Market Engineering (ME) process. This paper presents the generic trading platform meet2trade that enables users to individually configure their own electronic markets, to run them on the integrated auction server, and to evaluate them using the built-in full-featured lab experiment system.


Zugehörige Institution(en) am KIT Institut für Informationswirtschaft und Marketing (IISM)
Publikationstyp Proceedingsbeitrag
Jahr 2007
Sprache Englisch
Identifikator URN: urn:nbn:de:swb:90-653900
KITopen ID: 1000065390
Erschienen in Group Decision and Negotiation 2007, GND 2007, Montreal, Quebec. Ed.: G.E. Kersetn
Seiten 17 S.
Schlagworte CAME (Computer Aided Market Engineering), electronic markets, market platform, market modeling language, experimental economics, software engineering
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