Settings controlled by the Merkato administrator require advanced notice to change. They should be considered strategic rather than tactical controls. Often the Merkato server must be rebooted for these changes take effect. These controls include:
· The duration of 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. auctions
· The absolute limit to the amount that can be sold in the spot market
· The maximum account balance
· The reservation price graph
· The reservation cancellation fee
· Bid fee controls (used to limit the length of auctions¾can potentially be used as broker fees)