The resources to be traded include physical resources, as well as software applications. Every application is endowed with an initial allocation of money that reveals its relative importance in the market. Applications compete with each other trying to obtain the services they demand as cheap as possible, while resource managers compete with each other trying to maximize their profit by selling the services they control at the highest price possible. Upon failures or demand bursts the prices to access resources rise thus limiting access to services to wealthy applications only. However, the economic paradigm is not a panacea.
Markets often fail exhibiting chaotic behavior.
The goal of our research is to extensible study the behavior of market mechanisms identifying and demonstrating their limitations, as well as their contributions when applied to manage resources in open, large-scale, distributed systems. The development of the Aurora economic framework will provide a comprehensive system towards that end.