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On efficient procedures for multi-issue negotiation

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
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. pp. 71-84 .

Record type: 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.

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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

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Date deposited: 15 May 2006
Last modified: 24 Jun 2020 16:41

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