A Double Auction Economic Model for Grid Services

  • Liviu Joita
  • Omer F. Rana
  • W. Alex Gray
  • John Miles
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 3149)


The use of a service-based approach in Grid computing will lead to such services becoming valuable economic commodities. Current economics models on the Internet are concerned with the creation, sale and purchase of commodities (generally information resources), and ways in which buyers and sellers interact in markets for them. Although several initiatives are engaged in the development of Grid technologies, Grid economy issues are yet to be fully addressed. A “Grid market” architecture based on the double auction economic model is proposed. Components of the design, and a prototype of the double auction model framework, which makes use of the Globus and Java CoG toolkits, are subsequently presented.


Service User Service Level Agreement Reserved Price Grid Resource Grid Service 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Liviu Joita
    • 1
  • Omer F. Rana
    • 1
  • W. Alex Gray
    • 1
  • John Miles
    • 2
  1. 1.School of Computer Science and Welsh eScience Centre 
  2. 2.School of EngineeringCardiff UniversityUK

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