We will deal mainly with auctions, which are the main kind of electronic market currently used for Ecommerce, and look at both the economic theory of auctions the various kinds of computational systems that people have implemented around the use of auctions (including trading systems, artificial economies and the like).
The course will involve every participant making a presentation of a paper to do with this topic.
The first is pretty light reading, the same kind of level as a "popular science" book, but gives lots of nice histroical background and argument for well regulated markets.
|Reinventing the Bazaar: A Natural History of Markets by John McMillan, W. W. Norton & Company.|
The second is more heavyweight, though still not very technical, and gives a lot of the general economic background to the work we will be looking at and some specific information about the European 3G auctions.
|Auctions: Theory and Practice (The Toulouse Lectures in Economics) by Paul Klemperer, Princeton University Press.|