Spawn: A Distributed Computational Economy
IEEE Transactions on Software Engineering
The POPCORN market—an online market for computational resources
Proceedings of the first international conference on Information and computation economies
Computational Markets to Regulate Mobile-Agent Systems
Autonomous Agents and Multi-Agent Systems
Mariposa: a wide-area distributed database system
The VLDB Journal — The International Journal on Very Large Data Bases
A computational economy for grid computing and its implementation in the Nimrod-G resource broker
Future Generation Computer Systems - Grid computing: Towards a new computing infrastructure
User-Centric Performance Analysis of Market-Based Cluster Batch Schedulers
CCGRID '02 Proceedings of the 2nd IEEE/ACM International Symposium on Cluster Computing and the Grid
A price-anticipating resource allocation mechanism for distributed shared clusters
Proceedings of the 6th ACM conference on Electronic commerce
Combinatorial Auctions
Grid-User Driven Grid Research, The CoBRA Grid
CCGRID '06 Proceedings of the Sixth IEEE International Symposium on Cluster Computing and the Grid
Computational-Mechanism Design: A Call to Arms
IEEE Intelligent Systems
A commodity market algorithm for pricing substitutable Grid resources
Future Generation Computer Systems
A catallactic market for data mining services
Future Generation Computer Systems - Special section: Data mining in grid computing environments
Applying double auctions for scheduling of workflows on the Grid
Proceedings of the 2008 ACM/IEEE conference on Supercomputing
A Simulation Framework for Studying Economic Resource Management in Grids
ICCS '08 Proceedings of the 8th international conference on Computational Science, Part I
Scalability of Grid Simulators: An Evaluation
Euro-Par '08 Proceedings of the 14th international Euro-Par conference on Parallel Processing
An Evaluation of the Benefits of Fine-Grained Value-Based Scheduling on General Purpose Clusters
CCGRID '10 Proceedings of the 2010 10th IEEE/ACM International Conference on Cluster, Cloud and Grid Computing
An evaluation of the benefits of fine-grained value-based scheduling on general purpose clusters
Future Generation Computer Systems
An evaluation of the benefits of fine-grained value-based scheduling on general purpose clusters
Future Generation Computer Systems
Combining Futures and Spot Markets: A Hybrid Market Approach to Economic Grid Resource Management
Journal of Grid Computing
A survey of economic models in grid computing
Future Generation Computer Systems
Journal of Grid Computing
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The introduction of market principles is a promising approach for dealing with the complex issues that arise in Grid resource management. A key aim is to align the resource consumption and provisioning patterns of Grid participants through proper incentive mechanisms. An important research question in this regard is the choice of a market organization. A number of such organizations have been proposed to support an economically inspired form of Grid resource management. This paper presents a comparative, quantitative, analysis of the single-unit Vickrey auctions and commodity market organizations with regards to price stability, fairness, and communicative and computational requirements. Our analysis based on simulated market scenarios shows that both market organizations lead to similar outcomes but that a commodity market organization leads to more stable market behavior at the cost of higher communicative requirements.