There are two strategies you can use in the Spot market The Merkato mechanism by which bandwidth is traded, in a progressive second price auction. An optimal fair market price The price for something that buyers and sellers agree on. Merkato establishes a market price for bandwidth during each spot market auction round. There is a fixed amount for sale, so as demand increases, prices rise. The market price is reached when the cumulative demand of all the buyers is exactly equal to the amount of bandwidth being offered by the seller. is established and bandwidth is allocated to buyers, based on their bids relative to other buyers.: Static and Dynamic. Use Dynamic Seller strategy unless your administrator advised you to use Static Seller strategy.
Dynamic Seller strategy sets the unit price for all bidders to the unit price of the last unit of bandwidth The amount of data transmitted or received per unit of time. When we refer to acquiring or selling bandwidth, we mean the amount of information that can be sent over a connection at one time, at the allowed speed, without packet loss or excessive delay. Bandwidth is measured in bits-per-second. sold. It creates an artificial bidder designed to always lose at the highest possible price and for the highest possible quantity. After a round of bidding, Merkato’s Progressive Second Price auction mechanism sets the price for the winner to the price offered by the second-place bidder. With the Dynamic Seller strategy, the artificial bidder is always the second place bidder.
(For a complete explanation, see Seller’s Reference Manual, “ Merkato Auction Mechanism: The Progressive Second Price Auction.”)