Sustainable energy systems of the future will need more than efficient, clean, low-cost, renewable energy sources; they will also need efficient price signals that motivate sustainable energy consumption as well as a better real-time alignment of energy demandand supply

The energy sector will undergo fundamental changes over the next ten years. Prices for fossil energy resources are continuously increasing, there is an urgent need to reduce CO2 emissions, and the United States and European Union are strongly motivated to become more independent from foreign...

Markets – and in particular auction markets – are usually known to be efficient mechanisms for information aggregation and for the allocation of goods and services. But a fundamental lesson learned from Economics is that market design matters. Even small changes in market rules may lead to...

The driving profile generator is a tool to generate an arbitrary number of car driving profiles such that the resulting profiles are in the same form as those reported in the latest German Mobility Panel (MOP), a large field study that reports car mobility for about 12.000 individuals in...

Auction fever is a multifaceted phenomenon thatis frequently observed in both traditional and Internetauctions. In order to gain a better understanding of itscauses, we develop a conceptual framework to analyzeemotions in auctions, which is based on an exhaustiveliterature review. The framework...

Recent research strengthens the conjecture that human decision-making stems from a complexinteraction of rational judgment and emotional processes. A prominent example of the impact ofemotions in economic decision-making is the effect of regret-related information feedback on biddingbehaviour in...

At the Karlsruhe Institute of Technology (KIT), the Graduate School InformationManagement and Market Engineering (IME) which is financed by the GermanResearch Association (Deutsche Forschungsgemeinschaft, DFG), offers an interdisciplinarydoctoral program on the economic, technological and legal...

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...

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....