Existence of Market Equilibria for Grid Computing

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Provided by: Scientific Research Publishing
Topic: E-Commerce
Format: PDF
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.
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