MARKET DESIGN FOR A RESOURCE EXCHANGE SYSTEM

Providing a market design for a peer-to-peer resource exchange system. Prices for a plurality of resources such as storage space, upload bandwidth, and download bandwidth are calculated and balanced based on previous resource prices, a supply of the resources, and a demand for the resources. Further...

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Bibliographic Details
Main Authors PURI SIDDHARTHA, SEUKEN SVEN, CHARLES DENIS XAVIER, CHICKERING DAVID MAXWELL
Format Patent
LanguageEnglish
Published 12.04.2012
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:Providing a market design for a peer-to-peer resource exchange system. Prices for a plurality of resources such as storage space, upload bandwidth, and download bandwidth are calculated and balanced based on previous resource prices, a supply of the resources, and a demand for the resources. Further, prices for operations such as storage and retrieval are determined such that a total of the payments to resource suppliers equals a total of the payments received from the resource consumers. In some embodiments, incoming data operation requests are allocated to the peers such that equilibrium among the peers is achieved.
Bibliography:Application Number: US201113329360