TY - JOUR
T1 - Protocols for Negotiating Complex Contracts
AU - Klein, Mark
AU - Faratin, Peyman
AU - Sayama, Hiroki
AU - Bar-Yam, Yaneer
N1 - Funding Information:
Funding from the DARPA Control of Agent-Based Systems (CoABS) program and the National Science Foundation’s Computation and Social Systems program supported this work.
PY - 2003/11
Y1 - 2003/11
N2 - The negotiation protocols for both simple and real-world contracts are discussed. Negotiation protocols work through the iterative exchange of proposals and counter-proposals. The proposals lead to either to an agreement or abandonement of the negotiation if the proposal's utility is below the agent's reservation value. The proposals from each agent start at the agent's separate ideals and then track the Pareto frontier until they meet in the middle with an optimal agreement. An agent uses linear utility functions, to identify the proposals that represents the minimal concessions.
AB - The negotiation protocols for both simple and real-world contracts are discussed. Negotiation protocols work through the iterative exchange of proposals and counter-proposals. The proposals lead to either to an agreement or abandonement of the negotiation if the proposal's utility is below the agent's reservation value. The proposals from each agent start at the agent's separate ideals and then track the Pareto frontier until they meet in the middle with an optimal agreement. An agent uses linear utility functions, to identify the proposals that represents the minimal concessions.
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U2 - 10.1109/MIS.2003.1249167
DO - 10.1109/MIS.2003.1249167
M3 - Review article
AN - SCOPUS:0346265970
SN - 1541-1672
VL - 18
SP - 32
EP - 38
JO - IEEE Intelligent Systems and Their Applications
JF - IEEE Intelligent Systems and Their Applications
IS - 6
ER -