Spawn: A Distributed Computational Economy
IEEE Transactions on Software Engineering
Market-based control: a paradigm for distributed resource allocation
Market-based control: a paradigm for distributed resource allocation
The POPCORN market—an online market for computational resources
Proceedings of the first international conference on Information and computation economies
IEEE Transactions on Computers
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
Run-Time Statistical Estimation of Task Execution Times for Heterogeneous Distributed Computing
HPDC '96 Proceedings of the 5th IEEE International Symposium on High Performance Distributed Computing
SHARP: an architecture for secure resource peering
SOSP '03 Proceedings of the nineteenth ACM symposium on Operating systems principles
Scheduling Algorithms
GridIS: An Incentive-Based Grid Scheduling
IPDPS '05 Proceedings of the 19th IEEE International Parallel and Distributed Processing Symposium (IPDPS'05) - Papers - Volume 01
A price-anticipating resource allocation mechanism for distributed shared clusters
Proceedings of the 6th ACM conference on Electronic commerce
Combinatorial Auctions
Markets are dead, long live markets
ACM SIGecom Exchanges
Parametric timing estimation with Newton–Gregory formulae: Research Articles
Concurrency and Computation: Practice & Experience - 10th International Workshop on Compilers for Parallel Computers (CPC 2003)
Auctioning resources in Grids: model and protocols: Research Articles
Concurrency and Computation: Practice & Experience
A commodity market algorithm for pricing substitutable Grid resources
Future Generation Computer Systems
Resource trading using cognitive agents: A hybrid perspective and its simulation
Future Generation Computer Systems
Mirage: a microeconomic resource allocation system for sensornet testbeds
EmNets '05 Proceedings of the 2nd IEEE workshop on Embedded Networked Sensors
Economic Grid Resource Management for CPU Bound Applications with Hard Deadlines
CCGRID '08 Proceedings of the 2008 Eighth IEEE International Symposium on Cluster Computing and the Grid
Admission Control in a Computational Market
CCGRID '08 Proceedings of the 2008 Eighth IEEE International Symposium on Cluster Computing and the Grid
A Simulation Framework for Studying Economic Resource Management in Grids
ICCS '08 Proceedings of the 8th international conference on Computational Science, Part I
Bridging the Adoption Gap-Developing a Roadmap for Trading in Grids
Electronic Markets
GreedEx--a scalable clearing mechanism for utility computing
Electronic Commerce Research
A Market Design for Grid Computing
INFORMS Journal on Computing
Pricing computational resources in a dynamic grid
International Journal of Grid and Utility Computing
Market-based grid resource co-allocation and reservation for applications with hard deadlines
Concurrency and Computation: Practice & Experience
GECON'07 Proceedings of the 4th international conference on Grid economics and business models
A reverse auction market for cloud resources
GECON'11 Proceedings of the 8th international conference on Economics of Grids, Clouds, Systems, and Services
A coordinator for scaling elastic applications across multiple clouds
Future Generation Computer Systems
The resource-as-a-service (RaaS) cloud
HotCloud'12 Proceedings of the 4th USENIX conference on Hot Topics in Cloud Ccomputing
Financial Option Market Model for Federated Cloud Environments
UCC '12 Proceedings of the 2012 IEEE/ACM Fifth International Conference on Utility and Cloud Computing
Characterizing spot price dynamics in public cloud environments
Future Generation Computer Systems
Dependable Grid Workflow Scheduling Based on Resource Availability
Journal of Grid Computing
Deconstructing Amazon EC2 Spot Instance Pricing
ACM Transactions on Economics and Computation
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Economic forms of resource management in which users can express their valuations for service, offer new possibilities for optimizing resource allocations in Grids. If users are to correctly express these valuations, quality of service guarantees need to be given with respect to the turnaround time of their workloads. Market mechanisms that support bidding and allocations in future time are crucial for delivering such guarantees. To deal with the significant delays that these mechanisms introduce in the allocation process, we present a hybrid market approach in which a low-latency spot market coexists with a higher latency futures market. Based on simulated market scenarios, we show how this combination can significantly increase the total value realized by the Grid infrastructure. We also demonstrate how providers can react to price dynamics in such a hybrid market setting.