1. A method for managing requests for resources, comprising: responsive to a hypervisor determining that insufficient local resources are available for reservation to meet a performance parameter for at least one resource specified in a reservation request for a particular logical partition managed by the hypervisor in a host system, identifying another logical partition managed by the hypervisor in the host system that is assigned at the least one resource meeting the performance parameter specified in the reservation request; estimating, by the hypervisor, a first cost of migrating the particular logical partition and a second cost of migrating the another logical partition to at least one other host system communicatively connected in a peer-to-peer network based on at least one previously recorded cost stored by the host system of migrating a previous logical partition to the at least one other host system by: identifying a plurality of previously recorded costs for migrations to the at least one other host system; identifying a pricing policy applied by the host system; responsive to the host system applying the pricing policy comprising an average pricing policy, selecting a mean cost of the plurality of previously recorded costs to estimate the first cost and the second cost; responsive to the host system applying the pricing policy comprising an optimist pricing policy, selecting a best case cost of the plurality of previously recorded costs to estimate the first cost and the second cost; and responsive to the host system applying the pricing policy comprising a pessimist pricing policy, selecting a worst case cost of the plurality of previously recorded costs to estimate the first cost and the second cost; and selecting, by the hypervisor, one of the particular logical partition and the another logical partition as a migration candidate based on a comparison of the first cost with the second cost, wherein the hypervisor negotiates for offers to migrate the migration candidate to the at least one other host system.