In this paper, we study the auction model for resource management using the SimGrid simulation framework. We investigate three types of auction allocation protocols: (i) First-Price Auction, (ii) Vickrey Auction and (iii) Double Auction. The goal is to find which one is best suitable for the grid environment from users’ perspective as well as from resources’ perspective. The results showed that...

The paper deals with different approaches to the definition of ecommerce, including special mechanisms for the distribution of goods and payments, such as auction model. Different formats of auctions that change welfare of their participants are investigated. Software modules were developed for researching the effectivenes of double electronic Vickrey auction. It is defined that in double Vickr...

The efects of trading institutions on market eficiency and trading volume are examined. The trading institutions are computerized versions of continuous double auction and "clearinghouse" markets. Traders are experienced, profit-motivated undergraduates. The traded good is afinancial asset whose moneta y value is stateand trader type-contingent. Traders possess asymmetric private information on...

Auction models are found efficient in managing resources allocation, which is a key technology in grid computing system. In this paper, a new reverse auction approach is proposed, and its mechanism and related auction algorithm are designed. In our approach, the grid trading service, i.e., an intelligent entity, uses this auction algorithm to estimate the resource user’s satisfaction degree and...

M auctions extend traditional auction settings to allow negotiation over nonprice attributes such as weight, color, and terms of delivery, in addition to price and promise to improve market efficiency in markets with configurable goods. This paper provides an iterative auction design for an important special case of the multiattribute allocation problem with special (preferential independent) a...