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Foundations of Technology-Assisted Trading

[RG #99] Foundations of Technology-Assisted Trading

September 1, 2004 - August 31, 2004

Organizers:

Daniel Lehmann (The Hebrew University of Jerusalem)
Motty Perry (The Hebrew University of Jerusalem)

The emergence of the Internet, about half a decade ago, is causing significant changes to society at large and to several academic disciplines in particular. Technologically-Assisted Trading (known colloquially as e-commerce) is now becoming a focus of increasing research interest at the boundary between Economics and Computer Science. While the first boom-and-bust cycle of these changes has passed, it is clear that profound changes still await us and that it will take society some time to fully develop all the consequences as well as adopt many of the new technical possibilities.

The group will conduct a program of interdisciplinary research on one of the most important new possibilities opened up by the internet: electronic commerce. Which much practical work has been done on the "mechanics" of electronic conmmerce (communication protocols, security, software tools, cash transfers, etc.), less attention has been paid to understand the nature of the content that is is supposed to be delivered by these "mechanics". In other words, what are the economic mechanisms that will or should be implemented by such "mechanics"?

We believe that there are theoretical foundations for electronic commerce and that the time is ripe to start formulating them.

 

2004-2005 Research Groups

Members

men

Fabrizio Germano

FELLOW
Pompeu Fabra University
Fabrizio is a professor in the Department of Economics and Business at Pompeu Fabra University, Barcelona. His research interest is game theory.
men

Olivier Gossner

FELLOW
CERAS, URA CNRS
Olivier is a professor at CERAS, URA CNRS, Paris. His research interests are bounded rationality, information transmission and strategic value of information, and repeated games.
men

Ron Holzman

FELLOW
Technion
Ron is a professor in the Faculty of Mathematics at the Technion. His research interests are: combinatorics -- eternal graphy and hypergraph theory; combinatorial number theory, information theory and discrete geometry; game theory and cooperative games.
men

Frederic Koessler

FELLOW
THEMA, URA CNRS
Frederic is a professor in the Department of Economics at THEMA, URA CNRS, Paris. His research interests are game theory, strategic information revelation, higher-order uncertainty, pari-mutuel betting, and experimental economics.
men

Ilan Kremer

FELLOW
Stanford University
Ilan is a professor in the Graduate School of Business at Stanford University. His research interests are auction theory and financial economics.
men

Daniel Lehmann

FELLOW
The Hebrew University of Jerusalem
Daniel is a professor in the School of Engineering and Computer Sciences at The Hebrew University of Jerusalem. His research interests are artificial intelligence: algorithmic mechanism design, optimization in economics, nonmonotonic reasoning and quantum logics.
men

Yishay Mansour

FELLOW
Tel Aviv University
Yishay is a professor in the School of Computer Science at Tel Aviv University. His research interests are: computational learning theory and related issues from machine learning, reinforcement learning and game theory; theoretical aspects of computer science.
men

Motty Perry

FELLOW
The Hebrew University of Jerusalem
Motty is a professor in the Department of Economics at The Hebrew University of Jerusalem. His research interests are economic theory and game theory.
men

Asher Wolinsky

FELLOW
Northwestern University

Asher is a professor in the Department of Economics at Northwestern University, USA. His research interests are economic theory with much of the focus on game theoretic models of markets and institutions.