The MAJIC system
(Multiparameter Auctions for
JIni Components)
We introduce the MAJIC system
that we have implemented over Suns' Jini platform.
This system is an implementation
of a new general-purpose architecture for applying
economic mechanisms for resource
allocation in distributed systems.
A key novel aspect of our system
is that it handles multiple parameters in the allocation
and in the specification of
utilities and costs for each distributed service.
In our paper we provide both
theoretical and experimental results showing the
following three key properties
of this system:
(1) Efficient resource allocation.
(2) Motivation for resource owners to share them with others.
(3) Load balancing.