@inproceedings{c240409a5f2b430b9e0dc0aadeb57cce,
title = "Market mechanisms for trading grid resources",
abstract = "There has been recently an increasing interest in Grid services and economic-aware Grid systems both in the industry and the academia. In this paper we specify a market for hardware providers and consumers interested in leasing Grid resources for a time period. Our approach comprises a stock-market like mechanism that enables the trading of computational power on the basis of a spot and a futures market. The spot market comprises a pair of bid and ask queues. This grid market is more complicated than the standard spot/futures markets of storable commodities, because the computational service traded in our case comprises of resources that are perishable, and has both quantity and duration specified in terms of a time interval. This is an important feature of our market mechanism, complicating considerably the trading algorithms that we develop and assess in this paper.",
keywords = "Bid and ask, Futures, Grid market, Market mechanism, Spot",
author = "Costas Courcoubetis and Manos Dramitinos and Thierry Rayna and Sergios Soursos and Stamoulis, \{George D.\}",
year = "2008",
month = sep,
day = "25",
doi = "10.1007/978-3-540-85485-2\_5",
language = "English",
isbn = "3540854843",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
pages = "58--72",
booktitle = "Grid Economics and Business Models - 5th International Workshop, GECON 2008, Proceedings",
note = "5th International Workshop on Grid Economics and Business Models, GECON 2008 ; Conference date: 26-08-2008 Through 26-08-2008",
}