EcoTRADE is a multi player network game of a virtual biodiversity credit market. Each player controls the land use of a certain amount of parcels on a virtual landscape. The biodiversity credits of a particular parcel depend on neighboring parcels, which may be owned by other players. The game can be used to study the strategies of players in experiments or classroom games and also as a communi...

The economic system has created a number of institutions which should, from the transaction cost point of view, assure the most advantageous distribution of needs. Thus the price can become a means of information, indicating the collective situation of supply and demand, according to microeconomic theory. Today’s market places are much more complex, remotely located and supported by mail and te...

With the growth of electronic markets, designing double auction mechanisms that are applicable to emerging market structures has become an important research topic. In this paper, we investigate two truthful double auction design approaches, the Trade Reduction Approach and the Multi-Stage Design Approach, and compare their resulting mechanisms in various exchange environments. We find that com...

Despite having interesting results of analyzing the adoption e-commerce using social networks, diffusion does not occur in a single-layered network. There is sufficient evidence that game theory, complex networks and Theory Planned Behavior are suitable frameworks to represent some part dynamics innovation diffusion. However, it necessary integrate this methodological triplet accept an emergent...

Existing studies looking at transformation enabled by information technology (IT) span from the micro to the macro aspects, and their theoretical foundations range from the institutional emphasis on cognition and normative social structures within and across organizational boundaries, to the focus of economics on the structure and competition in electronic markets and industries. The inter-leve...

Though wireless spectrum is an untangible resource, it is typically assigned through licenses on a long-term basis and may be likened to a property of the licensee. The possibility to lease it temporarily through a secondary market makes it a virtualizable resource, exploitable by virtual operators. A crucial issue for the business propositions of virtual operators is spectrum pricing. Spectrum...

Can Crowds serve as useful allies in policy design? How do non-expert Crowds perform relative to experts in the assessment of policy measures? Does the geographic location of non-expert Crowds, with relevance to the policy context, alter the performance of nonexperts Crowds in the assessment of policy measures? In this work, we investigate these questions by undertaking experiments designed to ...

The ever-increasing need for flexibility of business collaborations that ultimately involve a large number of virtual enterprises puts demands on their design. Competitive markets require the collaborations to be highly agile, effective, and efficient. This paper defines Internet scale virtual enterprise collaborations (ISVECs) as well as their characteristics. We further present a process mode...