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
The grid: blueprint for a new computing infrastructure
The grid: blueprint for a new computing infrastructure
Multiagent systems and societies of agents
Multiagent systems
A market-based model for resource allocation in agent systems
Coordination of Internet agents
An economic paradigm for query processing and data migration in mariposa
PDIS '94 Proceedings of the third international conference on on Parallel and distributed information systems
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
Compute Power Market: Towards a Market-Oriented Grid
CCGRID '01 Proceedings of the 1st International Symposium on Cluster Computing and the Grid
An Economic Approach to Adaptive Resource Management
HOTOS '99 Proceedings of the The Seventh Workshop on Hot Topics in Operating Systems
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
Market-based Proportional Resource Sharing for Clusters
Market-based Proportional Resource Sharing for Clusters
Libra: a computational economy-based job scheduling system for clusters
Software—Practice & Experience
Competitive proportional resource allocation policy for computational grid
Future Generation Computer Systems - Special issue: Computational science of lattice Boltzmann modelling
A price-anticipating resource allocation mechanism for distributed shared clusters
Proceedings of the 6th ACM conference on Electronic commerce
Analyzing Market-Based Resource Allocation Strategies for the Computational Grid
International Journal of High Performance Computing Applications
A taxonomy of market-based resource management systems for utility-driven cluster computing
Software—Practice & Experience
Optimal task partition and distribution in grid service system with common cause failures
Future Generation Computer Systems - Special section: Information engineering and enterprise architecture in distributed computing environments
A catallactic market for data mining services
Future Generation Computer Systems - Special section: Data mining in grid computing environments
The Contract Net Protocol: High-Level Communication and Control in a Distributed Problem Solver
IEEE Transactions on Computers
Mathematical and Computer Modelling: An International Journal
Resource trading using cognitive agents: A hybrid perspective and its simulation
Future Generation Computer Systems
An economic model for resource management in a Grid-based content distribution network
Future Generation Computer Systems
The CoBRA grid: a highly configurable lightweight grid
International Journal of Web and Grid Services
Macroeconomics based Grid resource allocation
Future Generation Computer Systems
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
Real option valuation on grid computing
Decision Support Systems
Future Generation Computer Systems
Static strategy and dynamic adjustment: An effective method for Grid task scheduling
Future Generation Computer Systems
Design and Evaluation of a Combinatorial Double Auction for Resource Allocations in Grids
ICQT '09 Proceedings of the 6th International Workshop on Internet Charging and Qos Technologies: Network Economics for Next Generation Networks
CCGRID '09 Proceedings of the 2009 9th IEEE/ACM International Symposium on Cluster Computing and the Grid
Pricing computational resources in a dynamic grid
International Journal of Grid and Utility Computing
Price-Oriented Trading Optimization for Grid Resource
CloudCom '09 Proceedings of the 1st International Conference on Cloud Computing
A control-theoretic approach to automated local policy enforcement in computational grids
Future Generation Computer Systems
GECON'07 Proceedings of the 4th international conference on Grid economics and business models
Managing risks in an open computing environment using mean absolute deviation portfolio optimization
Future Generation Computer Systems
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
The multi-dimensional qos resources optimization based on the grid banking model
HPCA'09 Proceedings of the Second international conference on High Performance Computing and Applications
Mathematical and Computer Modelling: An International Journal
Global pricing in large scale computational markets
GPC'12 Proceedings of the 7th international conference on Advances in Grid and Pervasive Computing
Cloud computing infrastructure and application study
ICICA'12 Proceedings of the Third international conference on Information Computing and Applications
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A crucial goal for future Grid systems is to strive towards user-centric service provisioning. A way to achieve this is through the use of economics-based resource management. Currently, several models exist from among which auction- and commodity-based models are the most popular. This contribution will focus on the latter, and in particular on commodity markets, where the value of a Grid resource is determined by supply and demand. We propose some refinements to the application of Smale's method for finding price equilibria in such a Grid market. We also extend the approach to substitutable goods. That is, we introduce 'slow' and 'fast' CPUs, two categories of the same type of good that are priced separately, but are strongly coupled with potentially strong shifts in demand. We show that Smale's method can be adapted to handle this type of Grid resources market, and that price stability, allocative efficiency, and fairness are realized.