Existence of Market Equilibria for Grid Computing

Grid computing has emerged as an effective mechanism for allocating globally available surplus computational capacity to applications whose requirements exceed local capacity. It is often viewed as a commodity exchange with additional grid computing specific constraints that may arise due to requirements on multiple resources (e.g., disk space) in addition to computing power. These constraints are related to complementarity and substitution effects among resources and significantly alter the assumptions typically used for demonstrating the existence of market equilibrium.

Provided by: Scientific Research Publishing Topic: E-Commerce Date Added: Nov 2012 Format: PDF

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