Hidden Market Design

  • Seuken S
  • 36

    Readers

    Mendeley users who have this article in their library.
  • 8

    Citations

    Citations of this article.

Abstract

The next decade will see an abundance of new intelligent systems, many of which will be market-based. Soon, users will interact with many new markets, perhaps without even knowing it: when driving their car, when listening to a song, when backing up their files, or when surfing the web. We argue that these new systems can only be successful if a new approach is chosen towards designing them. In this paper we introduce the general problem of “Hidden Market Design.” The design of a “weakly hidden” market involves reducing some of the market complexities and providing a user interface (UI) that makes the interaction seamless for theuser. A“stronglyhiddenmarket”isonewheresome semantic aspect of a market is hidden altogether (e.g., budgets, prices, combinatorial constraints). We show that the intersection of UI design and market design is of particular importance for this research agenda. To illustrate hidden market design, we give a series of potentialapplications. Wehopethattheproblemofhidden market design will inspire other researchers and lead to new research in this direction, paving the way for more successful market-based systems in the future.

Author-supplied keywords

  • AI
  • UI design
  • economics
  • market design

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • Sven Seuken

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free