Communications of the ACM · 1968 · 185 citations · 0 references
BusinessComputer ScienceEconomicsAuction TheoryAuction DesignAuction PricingFutures MarketsAuction Timing RulesFutures Market EfficiencyFutures Market StructureTime-based Pricing
An auction method is described for allocating computer time that allows the price of computer time to fluctuate with the demand and the relative priority of users to be controlled so that more important projects get better access. This auction is free of the periodic fluctuation in computer use often associated with monthly schemes.