The POPCORN market -An online market for computational resources

Ori Regev, Noam Nisan

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

114 Scopus citations

Abstract

The POPCORN project provides an infrastructure for globally distributed computation over the whole Internet. It provides any programmer connected to the Internet with a single huge virtual parallel computer composed of all processors on the Internet, which care to participate at any given moment POPCORN provides a market-based mechanism for trade in CPU time to motivate processors to provide their CPU cycles for other peoples' computations. "Selling" CPU time is as easy as visiting a certain web site with a Java-enabled browser. "Buying" CPU time is done by writing a parallel program using the POPCORN paradigm. A third entity in the POPCORN system is a "market" for CPU time, which is where buyers and sellers meet and trade. The POPCORN system may be visited on our web-site: http://www.cs.huji.ac.il/~popcorn. This paper concentrates on the POPCORN market The market is a trusted intermediary that is responsible for matching buyers and sellers according to economic criteria. Our design emphasizes minimal communication requirements and minimal strategic considerations on the part of both buyers and sellers. We implemented several market mechanisms of the single-sided and double-sided auction types. We analyze the economic efficiency of these mechanisms using analytical and simulation methods. Our findings support the use of these mechanisms in the Internet environment.

Original languageAmerican English
Title of host publicationProceedings of the 1st International Conference on Information and Computation Economies, ICE 1998
PublisherAssociation for Computing Machinery, Inc
Pages148-157
Number of pages10
ISBN (Electronic)1581130767, 9781581130768
DOIs
StatePublished - 28 Oct 1998
Event1st International Conference on Information and Computation Economies, ICE 1998 - Charleston, United States
Duration: 25 Oct 199828 Oct 1998

Publication series

NameProceedings of the 1st International Conference on Information and Computation Economies, ICE 1998

Conference

Conference1st International Conference on Information and Computation Economies, ICE 1998
Country/TerritoryUnited States
CityCharleston
Period25/10/9828/10/98

Bibliographical note

Publisher Copyright:
© 1998 ACM.

Keywords

  • Global computation
  • Internet
  • Java
  • Markets
  • Resource allocation

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