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CORR
2004
Springer

A dynamical model of a GRID market

13 years 4 months ago
A dynamical model of a GRID market
We discuss potential market mechanisms for the GRID. A complete dynamical model of a GRID market is defined with three types of agents. Providers, middlemen and users exchange universal GRID computing units (GCUs) at varying prices. Providers and middlemen have strategies aimed at maximizing profit while users are 'satisficing' agents, and only change their behavior if the service they receive is sufficiently poor or overpriced. Preliminary results from a multi-agent numerical simulation of the market model shows that the distribution of price changes has a power law tail.
Uli Harder, Peter G. Harrison, Maya Paczuski, Teja
Added 17 Dec 2010
Updated 17 Dec 2010
Type Journal
Year 2004
Where CORR
Authors Uli Harder, Peter G. Harrison, Maya Paczuski, Tejas Shah
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