Economic Allocation of Computation Timewith Computation Markets

@inproceedings{Bogan1994EconomicAO,
  title={Economic Allocation of Computation Timewith Computation Markets},
  author={Nathaniel Rockwood Bogan},
  year={1994}
}
The use of economic principles in computer science is a comparatively recent development. The application of economic concepts such as marginal utility, preferences, efficiency, and resource allocation have begun to be discussed at a theoretical level. Several systems have been developed that attack problems of computer science using these principles. The applications include use of idle resources in a network and approximating solutions of complex problems by transforming the problem into a… CONTINUE READING
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