Present and learn about cutting edge research on the economic aspects of cloud computing.
Sunday, 24th July 2016
From 1:30 pm to 5:30 pm
School of Business and Economics (Maastricht University).
Address: Tongersestraat 53, Maastricht. Room A1.23
Early Registration ends May 30th!
The digitization of the world’s businesses, and the movement of this digitization into the cloud is akin to an industrial revolution. Cloud computing will be to businesses what mobile computing has been to consumers. This raises a whole slew of questions in economics, most of which are deeply entangled with computer science topics. The focus of this workshop is on the economic aspects of cloud computing. The goal of the workshop is to be the premier platform to raise the most important research questions, to announce the latest results, to exchange ideas, to learn and to get feedback on the state of the art research in this area. The topics of interest for this workshop include but not limited to the following.
How are current businesses impacted by moving to a cloud enabled world?
What new markets emerge? What new economic models are enabled?
What are the different pricing or auction mechanisms to sell cloud computing resources, and the pros and cons of each?
The economies of scale in provisioning and running large data centers.
How to allocate cloud resources in a fair manner in a shared multi-tenant system?
We invite theoretical, empirical and experimental papers on these topics.
We solicit unpublished papers as well as papers that are published or accepted to be published in 2015/2016 (see exception below). If the paper is already published (or accepted), please mention the venue of publication. The workshop is non-archival, but authors are encouraged to provide us with a link to the paper at an online repository, which will be linked to from the workshop website. Papers that have appeared or are accepted to appear at EC, GAMES or affiliated workshops will not be considered.
Submissions should be in a single column format with reasonable margins, and the main ideas and contributions must by included within the first 10 pages. Anything beyond the first 10 pages is read only at the discretion of the reviewers. Submit your papers electronically through the submission site https://easychair.org/conferences/?conf=wecc2016 no later than May 17, 2016 (11:59 PM Hawaii Time). Notification will be on June 17, 2016.
Hebrew University of Jerusalem
Noam Nisan is a Professor of Computer Science in the School of Engineering and Computer Science of the Hebrew University of Jerusalem. He pioneered the area of Algorithmic Mechanism Design, and is widely considered as one of the leaders of the field of algorithmic game theory.
Simon Wilkie is Chief Economic Policy Strategist at Microsoft and Professor of Economics and Law at The University of Southern California. Previously he was Chair of the USC Economics Department and Executive Director of the USC Center for Communications Law and Policy. He served as Chief Economist of the Federal Communications Commission 2002-2003, working on issues including auction design, competition policy, broadband regulation and media diversity. With Matt Jackson and John Ledyard he developed the GSP Auction design adopted by Overture.com which was subsequently acquired by Yahoo!
Sunday, July 24, 2016. Click on the talk titles to view papers.
This talk will describe the ERA system which is a framework for selling cloud resources. It is designed as a ﬂexible software layer that can sit on top of any cloud scheduler, and is aimed at increasing the eﬃciency of cloud resource usage by allocating resources using economic principles. It provides interfaces to the cloud scheduler and to the users who reserve resources to run their jobs, and is responsible for pricing and scheduling the jobs. The architecture enables plugging in diﬀerent algorithms according to the speciﬁc system’s needs, and it is accompanied by a simulation platform for the study and experimentation of the algorithms and learning modules, as well as of other model parameters. The proof-of-concept software was successfully tested over two cloud systems – Azure Batch of Microsoft and Rayon over Hadoop.
Ludwig Dierks and Sven Seuken
Darrell Hoy, Nicole Immorlica and Brendan Lucier
Virajith Jalaparti, Ivan Bliznets, Srikanth Kandula, Brendan Lucier and Ishai Menache
Felix Fischer, Ian Kash, Peter Key and Junxing Wang
Matthias Feldotto, Lennart Leder and Alexander Skopalik
Cloud computing stands as one of the most transformative technological development in recent times. The market has exhibited phenomenal economic growth since 2009. However, Edward Snowden’s revelations of the NSA’s domestic spying program in 2013 degraded the privacy reputation of the US.-based cloud service providers. We examine the economic impact of the Snowden revelations on cloud adoption using a global panel dataset of cloud revenues across service types and vendors. We develop an economic model of the cloud adoption decision process. We then assume that the Snowden revelations are a negative demand-shock “treatment” for US-based providers, and regard non-US-based ﬁrms as the control group and test for the impact. We ﬁnd that the Snowden revelations decreased the growth rate of revenues of US providers by 11% from Q3 2013 to Q4 2014 and the expected losses to the US cloud industry are at least $18 billion. Consistent with the game theoretic models of repeated competition, e.g., APS, we ﬁnd that after the demand shock a significant price war occurs. Thus even though the US-based ﬁrms lose revenue following the impulse eﬀect of the revelations, over-time, they capture greater market share due to the price war. Joint work with Hyojin Song, Microsoft Research.