Protocols for Negotiating Complex Contracts

Mark Klein, Peyman Faratin, Hiroki Sayama, Yaneer Bar-Yam

Research output: Contribution to journalReview article

82 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)32-38
Number of pages7
JournalIEEE Intelligent Systems
Volume18
Issue number6
DOIs
Publication statusPublished - 2003 Nov 1

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Artificial Intelligence

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