Research Group


Daniel Lehmann

The Hebrew University of Jerusalem
Daniel is a professor in the School of Engineering and Computer Sciences at The Hebrew University of Jerusalem.

Ilan Kremer

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

Frederic Koessler

Frederic is a professor in the Department of Economics at THEMA, URA CNRS, Paris.

Ron Holzman

Ron is a professor in the Faculty of Mathematics at the Technion.

Fabrizio Germano

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.

Foundations of Technology-Assisted Trading

[RG #99] Foundations of Technology-Assisted Trading

September 1, 2004 - August 31, 2004


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

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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.


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