This paper analyses the design of carbon markets in time (intertemporally) and space (geographically) from first principles, starting initially with a relatively clean slate and asking what an optimal global carbon market would look like by around 2030. Our focus is on firmlevel trading systems, although much of what we say would also apply to government-level trading (e.g., AAU trading under t...

ONCE AGAIN THE debate has intensified over whether energy as a commodity is running out. Just six or seven years ago the world seemed awash in oil, yet today many pundits predict the end of oil and indeed the end of the fossil-fuel era. With its recent merger with the California-based oil company Unocal, Chevron has placed a bet on ever-increasing oil prices. Two other oil giants, BP and ExxonM...

This paper aims to show investigations made in knowledge e-marketplaces (Ke-markets). It gathers, reviews, structures, and compiles in a homogeneous presentation information of the current state of the art in knowledge marketplaces and trading. This work also aims to give an overview of the e-marketplace evolution, with a particular consideration of the knowledge marketplace, making a survey of...

Volume Weighted Average Price (VWAP) for a traded financial asset is total traded value divided by total traded volume. It is a quality of execution metric popular with institutional traders for measuring the price impact of trading. VWAP is also a ‘virtuous trade’ that minimizes price impact by spreading the liquidity demand of large orders across the trading period. The optimal mean-variance ...

It is appropriate for the IS field to examine the suitability of its practices in light of the complexity of developing electronic business systems. Research shows that planning and developing business-tobusiness electronic trading systems (ETS) is fraught with difficulties concerning the priorities and power of individual organisations. This paper evaluates the usefulness of Triple Loop Learni...

Advanced electronic trading systems, such as the third phase of the TELCOT system, provide a negotiation mechanism for traders. The purpose of such a negotiation mechanism is to make the trading procedure more flexible. In principle, an electronic trading system establishes an environment in which traders select their partners based on posted trading terms such as product bid/offer prices, prod...

Requirements Engineering (RE) is arguably one of the most critical activities in the lifecycle of a software-centric system. In traditional RE techniques where more emphasis is placed on systematic upfront analysis, the tendency is to focus mostly on functionality rather than quality issues. Such a focus remains the same in Agile methods, except that emphasis has been shifted to delivering exec...