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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.
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.
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