Dec. 12, 2014: 14:30: Prof. George Stamoulis - Use of Economic Mechanisms for Digital and Energy Goods
Date: Friday, Dec 12, 2014, 14:30-15:30
Location: 1090 Vienna, Währinger Str. 29, Room 3.28
Speaker: Prof. George Stamoulis, Athens University of Economics and Business
Title: Use of Economic Mechanisms for Digital and Energy Goods
Economic mechanisms (including pricing, SLAs and auctions), address the incentives of users, who respond to them according to their own best interest. Thus, when appropriately designed, economic mechanisms are a powerful distributed tool for the efficient allocation, management, and trading of network resources (bandwidth, spectrum) digital goods (content, cloud services, sensor data, and energy goods (e.g. NegaWatts) in smart grids, and for the management of Internet traffic.
In the introduction of this talk I will present a brief overview of the relevant research carried out in the Network Economics and Services (NES) Group (http://nes.cs.aueb.gr/) of AUEB.
In the second part I will elaborate on the participatory sensing environment and the relevant auction-based marketplace developed within project INCEPTION where each user can both sell and buy sensor information.
In the third part I will elaborate on a model for NegaWatt markets developed within project Wattalyst, in which a utility operator wishes to curtail some amount of demand load during peak hours, in order to save energy generation costs and on innovative economic mechanisms for such markets.
About the speaker:
George D. Stamoulis (http://nes.aueb.gr/users/gs.html) received the Diploma in Electrical Engineering (1987, with highest honours) from the National Technical University of Athens, Greece, and the MS (1988) and PhD (1991) degrees in Electrical Engineering from the Massachusetts Institute of Technology, Cambridge, Massachusetts, USA. He is a Professor in the Department of Informatics of Athens University of Economics and Business (AUEB). His research interests are in economic and business models for networks for clouds and smart grids, auction mechanisms for bandwidth and digital goods, demand response in electricity consumption, Internet traffic management, telecommunications and power regulation, and reputation mechanisms for electronic environments. He has been extensively involved in several European projects, including recently:
a) WATTALYST (in progress) in the area of Energy.
b) INCEPTION (in progress - supported by National Funding) in participatory sensing.
c) SmartenIT (in progress), SmoothIT and ETICS in the area of Future Internet,
d) BEinGRID and GridEcon in the area of Grid and Cloud Computing,
He has also collaborated several times with the Greek Regulatory Authorities for Communications and Power on regulatory issues and on auction design, as well as with several telecom companies on service pricing, techno-economic and cost analysis of service deployment, design of smart services etc.