We formulate an analytically tractable model of a limit order book on short time scales, where the dynamics are driven by stochastic fluctuations between supply and demand, and order cancellation is not a prominent feature. We establish the existence of a limiting distribution for the highest...

This paper presents the design and implementation of the GridEcon Marketplace. In addition to supporting a market mechanism for trading computing resources on a pay-per-use basis, this marketplace also provides an environment for integrating value-added support services. These value-added...

Within this paper, we present the GridEcon Platform, a testbed for designing and evaluating economics-aware services in a commercial Cloud computing setting. The Platform is based on the idea that the exact working of such services is difficult to predict in the context of a market and,...

We propose a method for determining how much to charge users of a communication network when they share bandwidth. Our approach can be employed either when a network owner wishes to sell bandwidth for a specified period of time to a number of different users, or when users cooperate to build a...

Public telecommunication operators chose ATM as their solution for BISDN in 1989--that same year that the Internet took off. Progress has been hesitant and slow; while questions of network architecture and standards have remained unresolved, the fundamental issue holding back the roll out of ATM...

The telecommunications industry is going through a technological revolution, involving a transition from multiple voice and data networks to integrated service networks using packet switching technologies. The paper describes a new framework (the IPCP framework) for capacity planning and costing...

We describe a discrete-time auction procedure called PAUSE (Progressive Adaptive User Selection Environment) for use in assigning COLR (Carrier of Last Resort) responsibility for universal service. The auction incorporates synergies by permitting all combinatorial bids, is transparent to the...

In this paper we develop a simple, flexible and adaptable pricing model for NRNs offering best effort services, taking into account the specific characteristics of these networks which differentiate them from those of the commercial ISPs, such as congestion patterns, cost sharing and government...

In a recent paper, the first three authors proposed a method for determining how much to charge users of a communication network when they share bandwidth, and studied the existence and form of Nash equilibria for players' choices of capacity. However, the proof of one of the propositions in...

One of the main tasks of conjoint analysis is to identify consumer preferences about potential products or services. Accordingly, different estimation methods have been proposed to determine the corresponding relevant attributes. Most of these approaches rely on the post-processing of the...