The market for services: Incentives, algorithms, implementation (A03)

• Subject Area: Economic Theory ; Economic Policy, Applied Economics
• Term: from 2011 to 2023
• Project identifier: Deutsche Forschungsgemeinschaft (DFG) - Project number 160364472

In this subproject, we investigate the economic dimension of the OTF market. Adopting a primarily game-theoretic approach, we focus on the organization of the interaction among market participants. One of the specific characteristics of the OTF market structure is that a market intermediary, the OTF provider, composes complex services from simpler elementary services. As a result, incomplete information, e.g. on service quality, represents a further characteristic of the OTF market. In the third funding period, we concentrate our activities on the regulation of competition, to ensure a frictionless functioning of the OTF market wherever possible.

• DFG Programme: Collaborative Research Centres
• Subproject of: SFB 901: On-The-Fly (OTF) Computing - Individualised IT-Services in Dynamic Markets
• Applicant Institution: Universität Paderborn
• Project Heads: Professor Dr. Patrick Briest, until 12/2011; Professor Dr. Bernd Frick, until 6/2015; Professor Dr. Claus-Jochen Haake; Professor Dr. Burkhard Hehenkamp, since 7/2015; Professor Dr. Alexander Skopalik, from 7/2015 until 6/2019