@jmm

Incentive Engineering for Computational Resource Management

, and . Ecology of Computation, Elsevier Science Publishers, (1998)

Abstract

Agoric computation I,II will require market-compatible mechanisms for the allocation of processor times and storage space. Recasting processor scheduling as an auction process yields a flexble priority system. Recasting storage management as a system of decentralized market negotiations yields a distributed garbage collection algorithm able to collect unreferenced loops that cross trust boundaries. Algorithms that manage processor time and storage in ways that enable both conventional computation and market-based decision making will be useful in establishing agoric systems: they lie at the boundary beween design and evolution. We describe such algorithms in some detail.

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