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Multi-issue negotiation under time constraints

Multi-issue negotiation under time constraints
Multi-issue negotiation under time constraints
This paper presents a new model for multi-issue negotiation under time constraints in an incomplete information setting. In this model the order in which issues are bargained over and agreements are reached is determined endogenously as part of the bargaining equilibrium. We show that the sequential implementation of the equilibrium agreement gives a better outcome than a similtaneous implementation when agents have like, as well as conflicting, time preferences. We also show that the equilibrium solution posseses the properties of uniqueness and symmetry, although it is not always Pareto-optimal.
143-150
Fatima, S. S.
a3be4436-a9e9-4e6f-9238-0feaa10dc34c
Wooldridge, M. J.
68e00b8d-2a43-4b5c-b0b9-329304892d9e
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
Fatima, S. S.
a3be4436-a9e9-4e6f-9238-0feaa10dc34c
Wooldridge, M. J.
68e00b8d-2a43-4b5c-b0b9-329304892d9e
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30

Fatima, S. S., Wooldridge, M. J. and Jennings, N. R. (2002) Multi-issue negotiation under time constraints. 1st International Joint Conference on Autonomous Agents and Multi-Agent Systems, Italy. pp. 143-150 .

Record type: Conference or Workshop Item (Paper)

Abstract

This paper presents a new model for multi-issue negotiation under time constraints in an incomplete information setting. In this model the order in which issues are bargained over and agreements are reached is determined endogenously as part of the bargaining equilibrium. We show that the sequential implementation of the equilibrium agreement gives a better outcome than a similtaneous implementation when agents have like, as well as conflicting, time preferences. We also show that the equilibrium solution posseses the properties of uniqueness and symmetry, although it is not always Pareto-optimal.

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Published date: 2002
Venue - Dates: 1st International Joint Conference on Autonomous Agents and Multi-Agent Systems, Italy, 2002-01-01
Organisations: Agents, Interactions & Complexity

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Local EPrints ID: 256873
URI: http://eprints.soton.ac.uk/id/eprint/256873
PURE UUID: 566a9515-0936-45d0-9deb-0e6087f8aba2

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Date deposited: 13 Jun 2003
Last modified: 16 Dec 2019 20:46

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