Markets are Dead, Long Live Markets

dc.creatorLai, Kevin
dc.date2005-02-04
dc.date.accessioned2026-07-07T03:22:29Z
dc.date.available2026-07-07T03:22:29Z
dc.descriptionResearchers have long proposed using economic approaches to resource allocation in computer systems. However, few of these proposals became operational, let alone commercial. Questions persist about the economic approach regarding its assumptions, value, applicability, and relevance to system design. The goal of this paper is to answer these questions. We find that market-based resource allocation is useful, and more importantly, that mechanism design and system design should be integrated to produce systems that are both economically and computationally efficient.
dc.descriptionFix rotation of figures
dc.identifierhttps://arxiv.org/abs/cs/0502027
dc.identifierhttp://arxiv.org/abs/cs/0502027
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/32614
dc.subjectOperating Systems
dc.subjectD.4.0; D.4.7; K.6.0
dc.titleMarkets are Dead, Long Live Markets
dc.typetext

Files

Collections