In this paper the issue of bidding strategy learning in electronicmarkets is addressed. The primary aim is to identify machine learningtechniques which are best suited to learn bidding behaviourin electronic markets. The developed methodologies are appliedwithin a structured market engineering...

Innovation and technological change has always been recognized as a motor for economicgrowth in economic literature. It is also agreed amongst economists that competition fostersinnovation, and thus, is an essential component of economic progress (Teece, 1992).Coase (1937, p. 388) remarks in his...

An increasing number of electric vehicles (EVs) will have a significant impact on the electricity grids. For target grid planning, it is essential to identify and quantify this impact in terms of local infrastructure overloads. We study the impact of EV charging loads on Swiss distribution...

Once serving the whole value chain by what has become known as vertical integration,companies have long since started to outsource value creation processesto specialized partners. Moreover, societal changes have induced a paradigm shiftfrom product-driven to service-dominated value creation....

Today’s financial electronic markets are a result of theremarkable development in information technology during thelast years. With the growth of electronization in financialmarkets and the establishment of new electronic tradingservices the design of the market structure moved in the focusof...

The fundamental paradigm shift from traditional value chains to agile service value networks (SVN) implies new economic and organizational challenges. This work provides an auction-based coordination mechanism that enables the allocation and pricing of service compositions in SVNs. The mechanism...