edited by S H Clearwater (Xerox PARC, USA)

Market-Based Control is a paradigm for controlling complex systems that would otherwise be very difficult to control, maintain, or expand. The purpose of this volume is to illustrate the utility of market-based control through a series of papers focusing on different applications. This volume, for the first time, brings together the research from a wide range of fields all using a market-based conceptual framework. The features of markets that have provided motivation for these works include decentralization, interacting agents, and some notion of a resource that needs to be allocated. The papers span a range including theoretical considerations, simulations, and implementations.

• A Computational Market Model Based on Individual Action (K Steiglitz et al.)
• Valuation of Network Computing Resources (R A Gagliano & P A Mitchem)
• An Equilibratory Market-Based Approach for Distributed Resource Allocation and Its Applications to Communication Network Control (K Kuwabara et al.)
• Market-Oriented Programming: Some Early Lessons (M P Wellman)
• An Automated Auction in ATM Network Bandwidth (M S Miller et al.)
• A Market Approach to Operating System Memory Allocation (K Hartyn & D Cherito)
• Economic Models for Allocating Resources in Computer Systems (D F Ferguson et al.)
• Metaphor or Reality: A Case Study Where Agents Bid with Actual Costs to Schedule a Factory (A D Baker)
• Machining Task Allocation in Discrete Manufacturing Systems (K J Tilley)
• Saving Energy Using Market-Based Control (S H Clearwater et al.)
• The Use of Computer-Assisted Auctions for Allocating Tradeable Pollution Permits (D B Marron & C W Bartels)