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Towards A Grid Market

Author

Listed:
  • Panos Parpas

    (Imperial College, UK)

  • Berc Rustem

    (Imperial College, UK)

Abstract

In this paper we discuss a basic framework for a grid computing market. It has long been argued that pricing of computer resources can act as a scheduling protocol. We take this idea to its natural conclusion by discussing the basic properties of such a model. We introduce agents that own computer resources on the grid. We allow the agents to trade resources as well as consume resources for the benefit of their own computing needs. The aim is to study the behavior of such agents and discuss existence of equilibria between the price process and consumption of resources. At such an equilibrium point all the resources are consumed as soon as they are made available, and the market is at zero net supply.

Suggested Citation

  • Panos Parpas & Berc Rustem, 2006. "Towards A Grid Market," Computing in Economics and Finance 2006 483, Society for Computational Economics.
    • Handle: RePEc:sce:scecfa:483
    as

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