Market Engineering [electronic resource] : Insights from Two Decades of Research on Markets and Information /

Information and Market Engineering at KIT: Quo Vadis? -- Market Success: The Quest for the Objectives and Success Factors of Markets -- Decision Analytics for Initial Public Offerings: How Filing Sentiment Influences Stock Market Returns -- Taxonomy Development for Business Research: A Hands-On Guideline -- Understanding Emotions in Electronic Auctions: Insights from Neurophysiology -- Studying Conceptual Modeling Processes: A Modeling Tool, Research Observatory, and Multimodal Observation Setup -- Engineering Energy Markets: The Past, the Present, and the Future -- Can Immersive Systems Help Address Sustainability Goals? Insights from Research in Information Systems -- How at the Institute of Information Systems and Marketing One Thing Leads to Another and Eventually Results in a Low-Trade Theorem -- On the Potency of Online User Representation: Insights from the Sharing Economy -- Legal Tech and Lawtech: Towards a Framework for Technological Trends in the Legal Services Industry -- The Socialoid: A Computational Model of a City -- Data Analytics for Smart Decision-Making and Resilient Systems -- Academic Poem for Christof.

Open Access

This open access book provides a broad range of insights on market engineering and information management. It covers topics like auctions, stock markets, electricity markets, the sharing economy, information and emotions in markets, smart decision-making in cities and other systems, and methodological approaches to conceptual modeling and taxonomy development. Overall, this book is a source of inspiration for everybody working on the vision of advancing the science of engineering markets and managing information for contributing to a bright, sustainable, digital world. Markets are powerful and extremely efficient mechanisms for coordinating individuals’ and organizations’ behavior in a complex, networked economy. Thus, designing, monitoring, and regulating markets is an essential task of today’s society. This task does not only derive from a purely economic point of view. Leveraging market forces can also help to tackle pressing social and environmental challenges. Moreover,markets process, generate, and reveal information. This information is a production factor and a valuable economic asset. In an increasingly digital world, it is more essential than ever to understand the life cycle of information from its creation and distribution to its use. Both markets and the flow of information should not arbitrarily emerge and develop based on individual, profit-driven actors. Instead, they should be engineered to serve best the whole society’s goals. This motivation drives the research fields of market engineering and information management. With this book, the editors and authors honor Professor Dr. Christof Weinhardt for his enormous and ongoing contribution to market engineering and information management research and practice. It was presented to him on the occasion of his sixtieth birthday in April 2021. Thank you very much, Christof, for so many years of cooperation, support, inspiration, and friendship.