In the CFEM project, economists and computer scientists on work together to design
new state-of-the-art e-trade solutions. New technologies that provide confidentiality and advanced economic models create the foundations for future electronic marketplaces.
On these new markets, sellers and buyers can meet in new ways that ensure optimal price formation and eliminate price-raising intermediaries.
From the application point of view, the project will produce a number of concrete systems for doing electronic commerce in collaboration with our industrial partners. This may range from prototypes to full-scale production systems, and will include systems for auctions, procurement, market regulation and cost allocation.
In the research dimension, the project will produce new research results building on methods in economic theory, allowing existing and emerging electronic markets to be better analysed and understood.
We will further design new trading mechanisms that suit better the needs of existing and new forms of e-commerce.
And finally, we will develop new results in algorithmics, operations research and cryptography, allowing such mechanisms to be implemented efficiently and securely.
The project has a number of partners who have undertaken to deploy and test the new technologies developed during the project.
Industry partners are DONG Energy and Energinet.dk as the technology to be developed can be used for raw material and energy auctions. Another party in the project is the Danish Competition and Consumer Authority - DCCA. The authority can use the system for market surveillance with the aim of monitoring that the players in the market play by the rules.
Furthermore, a number of enterprises specialised in market design participate in the project: TradeExtension, Inno:vasion and
Partisia Market Design.
In this project the Alexandra Institutes collaborates with these partners:
For further information about the project, please contact
Jakob Pagter.
The project is funded by (among others):
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The Danish Council for Strategic Research - Growth Technologies |
Total budget distributed among project partners: DKK 48000000.
For further information about the project, please contact
Jakob Pagter.
The project focuses on three central themes:
- Game theory and mechanism design
- Operations research and algorithmics
- Cryptography
The project will combine computational theory with microeconomic theory to be able to analyse systems involving many agents. We will also use cryptography are to structure the interaction and available information to ensure better alignment with the game theoretic models.
E.g., we can use modern cryptographic techniques (
Secure Multiparty Computation) that allow controlling exactly what information is available to a player and when, while still allowing efficient processing of the confidential data.
People from the Alexandra Institute who have participated in this project:
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| Jakob Illeborg Pagter Head of Research & Innovation |
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| Janus Dam Nielsen Research & Innovation specialist |
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| Thomas Jakobsen Research & Innovation specialist |
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