Who Benefits from a Multi-Cloud Market? A Trading Networks Based Analysis
In enterprise cloud computing, there is a big and increasing investment to move to multi-cloud computing, which allows enterprises to seamlessly utilize IT resources from multiple cloud providers, so as to take advantage of different cloud providers' capabilities and costs. This investment rais...
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creator | Wasserkrug, Segev Osogami, Takayuki |
description | In enterprise cloud computing, there is a big and increasing investment to
move to multi-cloud computing, which allows enterprises to seamlessly utilize
IT resources from multiple cloud providers, so as to take advantage of
different cloud providers' capabilities and costs. This investment raises
several key questions: Will multi-cloud always be more beneficial to the cloud
users? How will this impact the cloud providers? Is it possible to create a
multi-cloud market that is beneficial to all participants?
In this work, we begin addressing these questions by using the game theoretic
model of trading networks and formally compare between the single and
multi-cloud markets. This comparson a) provides a sufficient condition under
which the multi-cloud network can be considered more efficient than the single
cloud one in the sense that a centralized coordinator having full information
can impose an outcome that is strongly Pareto-dominant for all players and b)
shows a surprising result that without centralized coordination, settings are
possible in which even the cloud buyers' utilities may decrease when moving
from a single cloud to a multi-cloud network. As these two results emphasize
the need for centralized coordination to ensure a Pareto-dominant outcome and
as the aforementioned Pareto-dominant result requires truthful revelation of
participant's private information, we provide an automated mechanism design
(AMD) approach, which, in the Bayesian setting, finds mechanisms which result
in expectation in such Pareto-dominant outcomes, and in which truthful
revelation of the parties' private information is the dominant strategy. We
also provide empirical analysis to show the validity of our AMD approach. |
doi_str_mv | 10.48550/arxiv.2310.12666 |
format | Article |
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move to multi-cloud computing, which allows enterprises to seamlessly utilize
IT resources from multiple cloud providers, so as to take advantage of
different cloud providers' capabilities and costs. This investment raises
several key questions: Will multi-cloud always be more beneficial to the cloud
users? How will this impact the cloud providers? Is it possible to create a
multi-cloud market that is beneficial to all participants?
In this work, we begin addressing these questions by using the game theoretic
model of trading networks and formally compare between the single and
multi-cloud markets. This comparson a) provides a sufficient condition under
which the multi-cloud network can be considered more efficient than the single
cloud one in the sense that a centralized coordinator having full information
can impose an outcome that is strongly Pareto-dominant for all players and b)
shows a surprising result that without centralized coordination, settings are
possible in which even the cloud buyers' utilities may decrease when moving
from a single cloud to a multi-cloud network. As these two results emphasize
the need for centralized coordination to ensure a Pareto-dominant outcome and
as the aforementioned Pareto-dominant result requires truthful revelation of
participant's private information, we provide an automated mechanism design
(AMD) approach, which, in the Bayesian setting, finds mechanisms which result
in expectation in such Pareto-dominant outcomes, and in which truthful
revelation of the parties' private information is the dominant strategy. We
also provide empirical analysis to show the validity of our AMD approach.</description><identifier>DOI: 10.48550/arxiv.2310.12666</identifier><language>eng</language><subject>Computer Science - Computer Science and Game Theory</subject><creationdate>2023-10</creationdate><rights>http://arxiv.org/licenses/nonexclusive-distrib/1.0</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>228,230,777,882</link.rule.ids><linktorsrc>$$Uhttps://arxiv.org/abs/2310.12666$$EView_record_in_Cornell_University$$FView_record_in_$$GCornell_University$$Hfree_for_read</linktorsrc><backlink>$$Uhttps://doi.org/10.48550/arXiv.2310.12666$$DView paper in arXiv$$Hfree_for_read</backlink></links><search><creatorcontrib>Wasserkrug, Segev</creatorcontrib><creatorcontrib>Osogami, Takayuki</creatorcontrib><title>Who Benefits from a Multi-Cloud Market? A Trading Networks Based Analysis</title><description>In enterprise cloud computing, there is a big and increasing investment to
move to multi-cloud computing, which allows enterprises to seamlessly utilize
IT resources from multiple cloud providers, so as to take advantage of
different cloud providers' capabilities and costs. This investment raises
several key questions: Will multi-cloud always be more beneficial to the cloud
users? How will this impact the cloud providers? Is it possible to create a
multi-cloud market that is beneficial to all participants?
In this work, we begin addressing these questions by using the game theoretic
model of trading networks and formally compare between the single and
multi-cloud markets. This comparson a) provides a sufficient condition under
which the multi-cloud network can be considered more efficient than the single
cloud one in the sense that a centralized coordinator having full information
can impose an outcome that is strongly Pareto-dominant for all players and b)
shows a surprising result that without centralized coordination, settings are
possible in which even the cloud buyers' utilities may decrease when moving
from a single cloud to a multi-cloud network. As these two results emphasize
the need for centralized coordination to ensure a Pareto-dominant outcome and
as the aforementioned Pareto-dominant result requires truthful revelation of
participant's private information, we provide an automated mechanism design
(AMD) approach, which, in the Bayesian setting, finds mechanisms which result
in expectation in such Pareto-dominant outcomes, and in which truthful
revelation of the parties' private information is the dominant strategy. We
also provide empirical analysis to show the validity of our AMD approach.</description><subject>Computer Science - Computer Science and Game Theory</subject><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><sourceid>GOX</sourceid><recordid>eNotz7FOwzAUhWEvDKjwAEzcF0jr2I4dTyiNoFRqYYnEGN3EN2A1TSo7pfTtgcJ0pH840sfYXcrnKs8yvsDw5T_nQv6EVGitr9n67WOEJQ3U-SlCF8Y9IGyP_eSTsh-PDrYYdjQ9QAFVQOeHd3ih6TSGXYQlRnJQDNifo4837KrDPtLt_85Y9fRYlc_J5nW1LotNgtrohAy5zDQ5qUYorkyLChsrbS6xJc4VORJSY9ao1GAquHJkrVO2axGtlCRn7P7v9mKpD8HvMZzrX1N9MclvRR5GZA</recordid><startdate>20231019</startdate><enddate>20231019</enddate><creator>Wasserkrug, Segev</creator><creator>Osogami, Takayuki</creator><scope>AKY</scope><scope>GOX</scope></search><sort><creationdate>20231019</creationdate><title>Who Benefits from a Multi-Cloud Market? A Trading Networks Based Analysis</title><author>Wasserkrug, Segev ; Osogami, Takayuki</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-a676-e7ed57b8e4b24047ca4ab93983ace004ede236a5b417a1204de99d49fcaa933e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Computer Science - Computer Science and Game Theory</topic><toplevel>online_resources</toplevel><creatorcontrib>Wasserkrug, Segev</creatorcontrib><creatorcontrib>Osogami, Takayuki</creatorcontrib><collection>arXiv Computer Science</collection><collection>arXiv.org</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Wasserkrug, Segev</au><au>Osogami, Takayuki</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Who Benefits from a Multi-Cloud Market? A Trading Networks Based Analysis</atitle><date>2023-10-19</date><risdate>2023</risdate><abstract>In enterprise cloud computing, there is a big and increasing investment to
move to multi-cloud computing, which allows enterprises to seamlessly utilize
IT resources from multiple cloud providers, so as to take advantage of
different cloud providers' capabilities and costs. This investment raises
several key questions: Will multi-cloud always be more beneficial to the cloud
users? How will this impact the cloud providers? Is it possible to create a
multi-cloud market that is beneficial to all participants?
In this work, we begin addressing these questions by using the game theoretic
model of trading networks and formally compare between the single and
multi-cloud markets. This comparson a) provides a sufficient condition under
which the multi-cloud network can be considered more efficient than the single
cloud one in the sense that a centralized coordinator having full information
can impose an outcome that is strongly Pareto-dominant for all players and b)
shows a surprising result that without centralized coordination, settings are
possible in which even the cloud buyers' utilities may decrease when moving
from a single cloud to a multi-cloud network. As these two results emphasize
the need for centralized coordination to ensure a Pareto-dominant outcome and
as the aforementioned Pareto-dominant result requires truthful revelation of
participant's private information, we provide an automated mechanism design
(AMD) approach, which, in the Bayesian setting, finds mechanisms which result
in expectation in such Pareto-dominant outcomes, and in which truthful
revelation of the parties' private information is the dominant strategy. We
also provide empirical analysis to show the validity of our AMD approach.</abstract><doi>10.48550/arxiv.2310.12666</doi><oa>free_for_read</oa></addata></record> |
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subjects | Computer Science - Computer Science and Game Theory |
title | Who Benefits from a Multi-Cloud Market? A Trading Networks Based Analysis |
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