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Why Markets Could (But Don't Currently) Solve Resource Allocation Problems in Systems  (Make Corrections)  
Jeffrey Shneidman, Chaki Ng, David C. Parkes, Alvin AuYoung, Alex C. Snoeren, Amin Vahdat, Brent Chun



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Abstract: Using market mechanisms for resource allocation in distributed systems is not a new idea, nor is it one that has caught on in practice or with a large body of computer science research. Yet, projects that use markets for distributed resource allocation recur every few years [1, 2, 3], and a new generation of research is exploring market-based resource allocation mechanisms [4, 5, 6, 7, 8] for distributed environments such as Planetlab, Netbed, and computational grids. (Update)

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BibTeX entry:   (Update)

@misc{ shneidman-why,
  author = "Jeffrey Shneidman and Chaki Ng and David C. Parkes and Alvin AuYoung and
    Alex C. Snoeren and Amin Vahdat and Brent Chun",
  title = "Why Markets Could (But Don't Currently) Solve Resource Allocation Problems
    in Systems",
  url = "citeseer.ist.psu.edu/723836.html" }
Citations (may not include all citations):
308   The tragedy of the commons (context) - Hardin - 1968
187   Spawn: A distributed computational economy - Waldspurger, Hogg et al. - 1992
128   Bidding and allocation in combinatorial auctions - Nisan - 2000
70   Using sparse capabilities in a distributed operating system - Tanenbaum, Mullender et al. - 1986
40   The popcorn market -- an online market for computational res.. (context) - Regev, Nisan - 1998
31   A case for economy grid architecture for service-oriented gr.. - Buyya, Giddy et al. - 2001
28   SHARP: An architecture for secure resource peering - Fu, Chase et al. - 2003
26   A futures market in computer time (context) - Sutherland - 1968
10   Tycoon: A Distributed Market-based Resource Allocation Syste.. (context) - Lai, Fine - 2004
9   Karma: A secure economic framework for p2p resource sharing (context) - Vishnumurthy, Chandrakumar et al. - 2003
4   ICE: An iterative combinatorial exchange (context) - Parkes, Cavallo et al. - 2005
4   Resource allocation in federated distributed computing infra.. - AuYoung, Chun et al. - 2004
3   G-commerce -- building computational marketplaces for the co.. - Wolski, Plank et al. - 2000
3   Algorithmic mechanism design (extended abstract (context) - Nisan, Ronen - 1999
2   Resource predictors in hep applications (context) - Grinstein, Huth et al. - 2004
2   Considerations for computer utility pricing policies (context) - Diamond, Selwyn - 1968
http://www.cs.wisc.edu/condor/."
http://www.beowulf.org/."
http://www.gamingopenmarket.com/
http://www.cern.ch/."
http://ckrm.sourceforge.net/."
http://kuznets.fas.harvard.edu/
http://www.multicians.org/fjcc1.html

Documents on the same site (http://www.eecs.harvard.edu/~chaki/):   More
Strategyproof Computing: Systems Infrastructures for.. - Ng, Parkes, Seltzer (2003)   (Correct)
Virtual Worlds: Fast and Strategyproof Auctions forynamic.. - Ng, Parkes, Seltzer (2003)   (Correct)
Computational Mechanism Design: Towards Online Mechanisms - Chaki Ng Harvard   (Correct)

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