Resource management techniques for shared resources in a distributed system are described. Clients and servers may exchange messages according to an asynchronous messaging protocol that does not guarantee delivery or ordering of messages. A client may send a resource request message including a client timestamp and a measure of client resource demand. The server may allocate a grant of the resource to the client in a manner that prevents resource overload, and indicate the grant to the client via a message including a logical timestamp, the amount of resource granted, the client's original timestamp, and a grant expiration time. The server may acknowledge the grant and cooperatively use the resource in accordance with the grant's terms.