Existence of Market Equilibria for Grid Computing

A Fast and Simple Algorithm for Computing Market Equilibria

We give a new mathematical formulation of market equilibria using an indirect utility function: the function of prices and income that gives the maximum utility achievable. The formulation is a convex program and can be solved when the indirect utility function is convex in prices. We illustrate that many economies including – Homogeneous utilities of degree α ∈ [0, 1] in Fisher economies — thi...

Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets

Simulation of a Peer to Peer Market for Grid Computing

In one of the latest developments in Grid Computing Peer-to-Peer (P2P) networks have become fashionable for the Grid system architecture. The current implementations are either Data Grids or CPU sharing Grids. In this paper we begin to investigate how a P2P network can behave as CPU sharing Grid. In our model the nodes of the network are very simple and either require or offer service for the e...

Performance evaluation of market-based resource allocation for Grid computing

Resource allocation is an important aspect of Grid computing. Over the past years, various systems have been developed which use market mechanisms to allocate resources. However, the performance of such policies has not been sufficiently studied. In this paper, we investigate under which circumstances market-based resource allocation by continuous double auctions and by the proportional share p...

A peer-to-peer Market for Grid Computing

In one of the latest developments in Grid Computing Peer-to-Peer (P2P) networks have become fashionable for the Grid system architecture. The current implementations are either Data Grids or CPU sharing Grids. In this paper we begin to investigate how a P2P network can behave as CPU sharing Grid. In our model the nodes of the network are very simple and either require or offer service for the e...