On efficient procedures for multi-issue negotiation
On efficient procedures for multi-issue negotiation
This paper studies bilateral, multi-issue negotiation between self-interested agents with deadlines. There are a number of procedures for negotiating the issues and each of these gives a different outcome. Thus, a key problem is to decide which one to use. Given this, we study the three main alternatives: the package deal, the simultaneous procedure, and the sequential procedure. First, we determine equilibria for the case where each agent is uncertain about its opponent’s deadline. We then compare the outcomes for these procedures and determine the one that is optimal (in this case, the package deal is optimal for each party). We then compare the procedures in terms of their time complexity, the uniqueness and Pareto optimality of their solutions, and their time of agreement.
71-84
Fatima, S.S.
391571fb-0bd7-44ba-86d0-dbe8f3e570f6
Wooldridge, M.
955b6c39-0d07-430e-b68d-b9a96d6e14e7
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
2006
Fatima, S.S.
391571fb-0bd7-44ba-86d0-dbe8f3e570f6
Wooldridge, M.
955b6c39-0d07-430e-b68d-b9a96d6e14e7
Jennings, N. R.
ab3d94cc-247c-4545-9d1e-65873d6cdb30
Fatima, S.S., Wooldridge, M. and Jennings, N. R.
(2006)
On efficient procedures for multi-issue negotiation.
8th Int. Workshop on Agent-Mediated Electronic Commerce, Hakodate, Japan.
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Conference or Workshop Item
(Paper)
Abstract
This paper studies bilateral, multi-issue negotiation between self-interested agents with deadlines. There are a number of procedures for negotiating the issues and each of these gives a different outcome. Thus, a key problem is to decide which one to use. Given this, we study the three main alternatives: the package deal, the simultaneous procedure, and the sequential procedure. First, we determine equilibria for the case where each agent is uncertain about its opponent’s deadline. We then compare the outcomes for these procedures and determine the one that is optimal (in this case, the package deal is optimal for each party). We then compare the procedures in terms of their time complexity, the uniqueness and Pareto optimality of their solutions, and their time of agreement.
More information
Published date: 2006
Venue - Dates:
8th Int. Workshop on Agent-Mediated Electronic Commerce, Hakodate, Japan, 2006-01-01
Organisations:
Agents, Interactions & Complexity
Identifiers
Local EPrints ID: 262582
URI: http://eprints.soton.ac.uk/id/eprint/262582
PURE UUID: 5f3aec0a-6cd5-47eb-882c-a193e86f0bcd
Catalogue record
Date deposited: 15 May 2006
Last modified: 14 Mar 2024 07:13
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Contributors
Author:
S.S. Fatima
Author:
M. Wooldridge
Author:
N. R. Jennings
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