Cloud Resource Pricing Under Tenant Rationality

With the recent emergence of the cloud market, cloud resource pricing fundamentally determines cloud revenue, cloud resource allocation and tenant demand dynamics. However, strategic interactions between cloud providers and tenant users are largely unknown. In this chapter, we consider a monopoly cloud market by formulating a competitive market among tenants. A novel Stackelberg game is proposed to tractably analyze such strategic interactions for optimal cloud resource pricing. To empirically evaluate our analyses, we conduct extensive simulations driven by 40 GB of realistic workload traces from Google