On the correctness of transactional memory

Transactional memory (TM) is perceived as an appealing alternative to critical sections for general purpose concurrent programming. Despite the large amount of recent work on TM implementations, however, very little effort has been devoted to precisely defining what guarantees these implementations should provide. A formal description of such guarantees is necessary in order to check the correctness of TM systems, as well as to establish TM optimality results and inherent trade-offs.