The market for services: Incentives, algorithms, implementation (A03)

In this subproject, we investigate the economic dimension of the OTF market. Adopting a primarily game-theoretic approach, we focus on the organization of the interaction among market participants. One of the specific characteristics of the OTF market structure is that a market intermediary, the OTF provider, composes complex services from simpler elementary services. As a result, incomplete information, e.g. on service quality, represents a further characteristic of the OTF market. In the third funding period, we concentrate our activities on the regulation of competition, to ensure a frictionless functioning of the OTF market wherever possible.

DFG Programme Collaborative Research Centres

Subproject of SFB 901:  On-The-Fly (OTF) Computing - Individualised IT-Services in Dynamic Markets

Applicant Institution Universität Paderborn

Project Heads Professor Dr. Patrick Briest, until 12/2011; Professor Dr. Bernd Frick, until 6/2015; Professor Dr. Claus-Jochen Haake; Professor Dr. Burkhard Hehenkamp, since 7/2015; Professor Dr. Alexander Skopalik, from 7/2015 until 6/2019