A dynamical model of a GRID market
Multiagent Systems
2011-11-09 v1 Other Condensed Matter
Computational Engineering, Finance, and Science
Abstract
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.
Keywords
Cite
@article{arxiv.cs/0410005,
title = {A dynamical model of a GRID market},
author = {Uli Harder and Peter Harrison and Maya Paczuski and Tejas Shah},
journal= {arXiv preprint arXiv:cs/0410005},
year = {2011}
}
Comments
4 pages, 3 figures