Abstract
Cloud providers are moving towards auctioning cloud resources rather than renting them using fixed prices. Vickrey-Clarke-Groves (VCG) auctions are likely to be used for that purpose, since they maximize social welfare—the participants’ aggregate valuation of the resources. However, VCG auctions are prone to collusion, where users try to increase their profits at the expense of auction efficiency. We propose a coalition formation mechanism for cloud users that helps both users and providers. Our mechanism allows the auction participants to collaborate profitably while also maintaining the auction’s resource allocation efficiency. Our experiments show that when using our mechanism, participants’ mean profit increases by up to 1.67x, without harming the provider’s allocation efficiency.
Original language | English |
---|---|
Title of host publication | Economics of Grids, Clouds, Systems, and Services - 15th International Conference, GECON 2018, Proceedings |
Editors | Massimo Coppola, Emanuele Carlini, José Ángel Bañares, Daniele D’Agostino, Jörn Altmann |
Publisher | Springer Verlag |
Pages | 24-38 |
Number of pages | 15 |
ISBN (Print) | 9783030133412 |
DOIs | |
State | Published - 2019 |
Event | 15th International Conference on the Economics of Grids, Clouds, Systems, and Services, GECON 2018 - Pisa, Italy Duration: 18 Sep 2018 → 20 Sep 2018 |
Publication series
Name | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
---|---|
Volume | 11113 LNCS |
ISSN (Print) | 0302-9743 |
ISSN (Electronic) | 1611-3349 |
Conference
Conference | 15th International Conference on the Economics of Grids, Clouds, Systems, and Services, GECON 2018 |
---|---|
Country/Territory | Italy |
City | Pisa |
Period | 18/09/18 → 20/09/18 |
Bibliographical note
Publisher Copyright:© 2019, Springer Nature Switzerland AG.
Keywords
- Auctions
- Cloud
- Collusion
ASJC Scopus subject areas
- Theoretical Computer Science
- General Computer Science