Why Markets Could (But Don't Currently) Solve Resource Allocation Problems in Systems

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Using market mechanisms for resource allocation in dis- tributed systems is not a new idea, nor is it one that has caught on in practice or with a large body of com- puter science research. Yet, projects that use mar- kets 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 Planet- lab, Netbed, and computational grids. This paper has three goals. The ﬁrst goal is to ex- plore why markets can be appropriate to use for allo- cation, when simpler allocation mechanisms exist. The second goal is to...
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Why Markets Could (But Don’t Currently) Solve Resource Allocation Problems in Systems