Pricing the Computing Resources: Reading Between the Lines and Beyond

Distributed computing systems have the potential to increase the usefulness of existing facilities for computation without adding anything physical, but that is realized only when necessary administrative features are in place. In a distributed environment, the best match is sought between a computing job to be run and a computer to run the job (global scheduling), which is a function that has not been required by conventional systems. Viewing the computers as 'suppliers' and the users as 'consumers' of computing services, markets for computing services/resources have been examined as one of the most promising mechanisms for global scheduling. We first establish why economics can contribute to scheduling. We further define the criterion for a scheme to qualify as an application of economics. Many studies to date have claimed to have applied economics to scheduling. If their scheduling mechanisms do not utilize economics, contrary to their claims, their favorable results do not contribute to the assertion that markets provide the best framework for global scheduling. We examine the well-known scheduling schemes, which concern pricing and markets, using our criterion of what application of economics is. Our conclusion is that none of the schemes examined makes full use of economics.