Connection establishment protocol based on mutual selection by users and network providers
Proceedings of the first international conference on Information and computation economies
Market-driven service allocation in a QoS-capable environment
Proceedings of the first international conference on Information and computation economies
Market based bandwidth allocation policies for QoS control in broadband networks
Proceedings of the first international conference on Information and computation economies
Dynamic behavior of differential pricing and quality of service options for the Internet
Proceedings of the first international conference on Information and computation economies
INFOCOM '95 Proceedings of the Fourteenth Annual Joint Conference of the IEEE Computer and Communication Societies (Vol. 3)-Volume - Volume 3
| Hi-index | 0.00 |
A reservation protocol and pricing model is proposed for the allocation of electronic services, such as computing and communication resources. Whereas centralised allocation mechanisms are frequently analysed and better understood we focus on a decentralised, bilateral market employing a new protocol to enable application agents to request price quotes and to book resource capacity from resource providers. The protocol is implemented in a simulation of competing providers and clients. It is assumed that contracts and prices are confidential, therefore resource providers can only collect information from their own, bilateral trades and from requests for price quotes. They determine the optimal price with a supply function that is extended to continuously update the optimal price quotes with all new information. The simulated equilibrium prices are above competitive levels and deviations from these prices are not profitable. The exercise of market power increases with lower numbers of resource providers and with higher levels of capacity utilisation.