Efficient and confidential reallocation of contracts: how The Danish sugar industry adapted to the new sugar regime

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Efficient and confidential reallocation of contracts : how The Danish sugar industry adapted to the new sugar regime. / Bogetoft, Peter; Nielsen, Kurt.

In: Z f B, Vol. 82, No. 2, 2012, p. 165-180.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Bogetoft, P & Nielsen, K 2012, 'Efficient and confidential reallocation of contracts: how The Danish sugar industry adapted to the new sugar regime', Z f B, vol. 82, no. 2, pp. 165-180. https://doi.org/10.1007/s11573-011-0535-y

APA

Bogetoft, P., & Nielsen, K. (2012). Efficient and confidential reallocation of contracts: how The Danish sugar industry adapted to the new sugar regime. Z f B, 82(2), 165-180. https://doi.org/10.1007/s11573-011-0535-y

Vancouver

Bogetoft P, Nielsen K. Efficient and confidential reallocation of contracts: how The Danish sugar industry adapted to the new sugar regime. Z f B. 2012;82(2):165-180. https://doi.org/10.1007/s11573-011-0535-y

Author

Bogetoft, Peter ; Nielsen, Kurt. / Efficient and confidential reallocation of contracts : how The Danish sugar industry adapted to the new sugar regime. In: Z f B. 2012 ; Vol. 82, No. 2. pp. 165-180.

Bibtex

@article{89c833af955f4ba7ac220d82f4bdfee8,
title = "Efficient and confidential reallocation of contracts: how The Danish sugar industry adapted to the new sugar regime",
abstract = "The first Danish exchange for sugar beet contracts was established in January 2008. It was also the world{\textquoteright}s first major application of a new technology, secure multiparty computation (SMC), which ensures the security and cost-effectiveness of such exchanges. The technology can potentially be used in a number of other applications, including voting, negotiations, and benchmarking. SMC makes it possible to combine private knowledge from a large number of parties without ever revealing their individual knowledge. This provides unique opportunities for individual agents to collaborate despite conflicting interests and decentralized knowledge, which, in many contexts, constitute the primary obstacle to the creation of economic gains. The establishment of the Danish contract exchange was the culmination of a novel and successful collaboration between economists and cryptologists. It constitutes a successful operational research project using novel scientific methods to solve a real, large-scale problem. This article describes the background for and the implementation of the exchange and discusses some other potential applications.",
author = "Peter Bogetoft and Kurt Nielsen",
year = "2012",
doi = "10.1007/s11573-011-0535-y",
language = "English",
volume = "82",
pages = "165--180",
journal = "Journal of Business Economics",
issn = "0044-2372",
publisher = "Springer",
number = "2",

}

RIS

TY - JOUR

T1 - Efficient and confidential reallocation of contracts

T2 - how The Danish sugar industry adapted to the new sugar regime

AU - Bogetoft, Peter

AU - Nielsen, Kurt

PY - 2012

Y1 - 2012

N2 - The first Danish exchange for sugar beet contracts was established in January 2008. It was also the world’s first major application of a new technology, secure multiparty computation (SMC), which ensures the security and cost-effectiveness of such exchanges. The technology can potentially be used in a number of other applications, including voting, negotiations, and benchmarking. SMC makes it possible to combine private knowledge from a large number of parties without ever revealing their individual knowledge. This provides unique opportunities for individual agents to collaborate despite conflicting interests and decentralized knowledge, which, in many contexts, constitute the primary obstacle to the creation of economic gains. The establishment of the Danish contract exchange was the culmination of a novel and successful collaboration between economists and cryptologists. It constitutes a successful operational research project using novel scientific methods to solve a real, large-scale problem. This article describes the background for and the implementation of the exchange and discusses some other potential applications.

AB - The first Danish exchange for sugar beet contracts was established in January 2008. It was also the world’s first major application of a new technology, secure multiparty computation (SMC), which ensures the security and cost-effectiveness of such exchanges. The technology can potentially be used in a number of other applications, including voting, negotiations, and benchmarking. SMC makes it possible to combine private knowledge from a large number of parties without ever revealing their individual knowledge. This provides unique opportunities for individual agents to collaborate despite conflicting interests and decentralized knowledge, which, in many contexts, constitute the primary obstacle to the creation of economic gains. The establishment of the Danish contract exchange was the culmination of a novel and successful collaboration between economists and cryptologists. It constitutes a successful operational research project using novel scientific methods to solve a real, large-scale problem. This article describes the background for and the implementation of the exchange and discusses some other potential applications.

U2 - 10.1007/s11573-011-0535-y

DO - 10.1007/s11573-011-0535-y

M3 - Journal article

VL - 82

SP - 165

EP - 180

JO - Journal of Business Economics

JF - Journal of Business Economics

SN - 0044-2372

IS - 2

ER -

ID: 33954317