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IN TWO-SIDED MARKETS SUCH AS EXCHANGES, AN INTERMEDIARY BRINGS TOGETHER TWO DISTINCT CUSTOMER POPULATIONS, E.G., BUYERS AND SELLERS. THESE CUSTOMER POPULATIONS INTERACT VIA A PLATFORM PROVIDED BY THE INTERMEDIARY, AND TYPICALLY NETWORK EFFECTS ARE OBSERVABLE IN THESE MARKETS; IF THE NUMBER OF BUYERS IS HIGH, MORE SELLERS ARE ATTRACTED TO THE PLATFORM, AND VICE VERSA. IN SUCH MARKETS IT IS DIFFICULT TO MEASURE THE ECONOMIC SUCCESS OF IT INVESTMENTS. THIS ARTICLE PROPOSES A SOLUTION.
How prices can be set to allocate grid computing resources in a financial service institution
(2011)
GRID COMPUTING IS AN IT CONCEPT TO SHARE COMPUTING RESOURCES AMONG DEPARTMENTS AND USERS THAT REDUCES IT COSTS AND PROVIDES COMPUTING RESOURCES DYNAMICALLY WHEN THEY ARE NEEDED. RESOURCE MARKETS ARE AN EFFECTIVE MECHANISM TO REGULATE THE RESOURCE SHARING, BUT THE MOST OFTEN USED AUCTIONS ARE COMPLEX. WE HAVE DEVELOPED A STEPWISE APPROACH TO HELP FIRMS OFFERING INTERNAL GRID COMPUTING SERVICES TO SET TRANSPARENT BUT EFFECTIVE PAY-PER-USE PRICING SCHEMES AS AN ALTERNATIVE TO AUCTIONS.