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Opendata, web and dolomites

EEC SIGNED

Economic Engineering of Cooperation in Modern Markets

Total Cost €

EC-Contrib. €

Partnership

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EEC project word cloud

Explore the words cloud of the EEC project. It provides you a very rough idea of what is the project "EEC" about.

distaste trading ones electronic functioning markets empirical considerations innovation rights theory stability digital mechanisms trust society kidney algorithmic game economy traders strategies speed repair advocated financial races normative shown engineer reputation harness wasteful good bleak experimental engineering catastrophic alvin inappropriate reciprocal world transactions economic time roth creates exchange modern uses social seriously collectively alternative flawed buying kinds innovative electricity little robustness underlying societies self pollution designs sciences certain sometimes outcome liquidity aligning computer guidance first sniping eliminate ethical nature align radical pressing horizons generate interaction packages market cooperation people threatening behavioral arms internet

Project "EEC" data sheet

The following table provides information about the project.

Coordinator	UNIVERSITAET ZU KOELN Organization address address: ALBERTUS MAGNUS PLATZ city: KOELN postcode: 50931 website: www.uni-koeln.de contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Germany [DE]
Total cost	1˙155˙104 €
EC max contribution	1˙155˙104 € (100%)
Programme	1. H2020-EU.1.1. (EXCELLENT SCIENCE - European Research Council (ERC))
Code Call	ERC-2016-ADG
Funding Scheme	ERC-ADG
Starting year	2018
Duration (year-month-day)	from 2018-03-01 to 2023-02-28

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	UNIVERSITAET ZU KOELN UNIVERSITAET ZU KOELN Organization address address: ALBERTUS MAGNUS PLATZ city: KOELN postcode: 50931 website: www.uni-koeln.de contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (KOELN)	coordinator	992˙604.00
2	THE REGENTS OF THE UNIVERSITY OF CALIFORNIA THE REGENTS OF THE UNIVERSITY OF CALIFORNIA Organization address address: FRANKLIN STREET 1111, 12 FLOOR city: OAKLAND CA postcode: 94607 website: http://www.universityofcalifornia.edu/ contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	US (OAKLAND CA)	participant	162˙500.00

Map

Project objective

Cooperation is essential for the functioning of the economy and society. Thus, with inappropriate mechanisms to harness self-interest by aligning it with the common good, the outcome of social and economic interaction can be bleak and even catastrophic.

Recent advances in computer technology lead to radical innovation in market design and trading strategies. This creates both, new challenges and exciting opportunities for “engineering cooperation”. This project uses the economic engineering approach (as advocated by Alvin Roth) to address some of the most pressing cooperation problems of modern markets and societies.

I propose three work packages, each using innovative experimental methods and (behavioral) game theory in order to address a specific challenge:

The first one studies the design of electronic reputation mechanisms that promote cooperation in the digital world. Previous research has shown that mechanisms to promote trust on the Internet are flawed. Yet, there is little empirical and normative guidance on how to repair these systems, and engineer better ones.

The second studies the design of mechanisms that avoid arms races for speed in real-time financial and electricity market trading. Traders use algorithmic sniping strategies, even when they are collectively wasteful and seriously threatening market liquidity and stability. Yet, little is known about the robust properties of alternative market designs to eliminate sniping.

The third one studies how to design modern markets that align with ethical considerations. People sometimes have a distaste for certain kinds of modern transactions, such as reciprocal kidney exchange and buying pollution rights. Yet, little is known about the underlying nature and robustness of this distaste.

My project will generate important knowledge to improve the functioning of modern markets, and at the same time open new horizons in the sciences of cooperation and of “behavioral economic engineering”.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "EEC" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "EEC" are provided by the European Opendata Portal: CORDIS opendata.