There are several situations where applications in the cloud need to self-manage their quality attributes (QA). We posit that selfadaptation can be achieved through a market-based ...
We construct a novel agent-based model of prediction markets in which putative human qualities like learning, reasoning, and profit-seeking are absent. We show that the prices whi...
Previous research suggests that a decline in transactions costs leads to improved economic efficiency. In this paper,weshowthatsuchadeclinewillintroduceincreasinglyuninformedconsu...
In this paper, we study multi-agent economic systems using a recent approach to economic modeling called Agent-based Computational Economics (ACE): the application of the Complex ...
An evolutionary approach to the problem of economic mechanism choice is presented. It demonstrates the power that a single participant has on the choice of a preferred market mecha...