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 simultaneous implementation when agents have like, as well as conflicting, time preferences. We also show that the equilibrium solution possesses the properties of uniqueness and symmetry, although it is not always Pareto-optimal.
- M. Bac and H. Raff. Issue-by-issue negotiations: the role of information and time preference. Games and Economic Behavior, 13: 125--134, 1996.]]Google ScholarCross Ref
- P. Faratin, C. Sierra, and N. R. Jennings. Negotiation decision functions for autonomous agents. International Journal of Robotics and Autonomous Systems, 24(3--4): 159--182, 1998.]]Google ScholarCross Ref
- S. S. Fatima, M. Wooldridge, and N. R. Jennings. Optimal negotiation strategies for agents with incomplete information. In ATAL-2001, pages 53--68, Seattle, USA, 2001.]] Google ScholarDigital Library
- C. Fershtman. The importance of the agenda in bargaining. Games and Economic Behavior, 2: 224--238, 1990.]]Google ScholarCross Ref
- R. Inderst. Multi-issue bargaining with endogenous agenda. Games and Economic Behavior, 30: 64--82, 2000.]]Google ScholarCross Ref
- R. Keeney and H. Raiffa. Decisions with Multiple Objectives: Preferences and Value Tradeoffs. New York: John Wiley, 1976.]]Google Scholar
- A. Lomuscio, M. Wooldridge, and N. R. Jennings. A classification scheme for negotiation in electronic commerce. In F. Dignum and C. Sierra, editors, Agent-Mediated Electronic Commerce: A European Agentlink Perspective., pages 19--33. Springer Verlag, 2001.]] Google ScholarDigital Library
- M. J. Osborne and A. Rubinstein. A Course in Game Theory. The MIT Press, Cambridge, England, 1998.]]Google Scholar
- R. P. Maes and A. G. Moukas. Agents that buy and sell. Communications of the ACM, 42(3): 81--91, 1999.]] Google ScholarDigital Library
- D. G. Pruitt. Negotiation Behavior. Academic Press, 1981.]]Google Scholar
- H. Raiffa. The Art and Science of Negotiation. Harvard University Press, Cambridge, USA, 1982.]]Google Scholar
- A. Rubinstein. Perfect equilibrium in a bargaining model. Econometrica, 50(1): 97--109, January 1982.]]Google ScholarCross Ref
- A. Rubinstein. A bargaining model with incomplete information about time preferences. Econometrica, 53: 1151--1172, January 1985.]]Google ScholarCross Ref
- T. Sandholm. Agents in electronic commerce: component technologies for automated negotiation and coalition formation. Autonomous Agents and Multi-Agent Systems, 3(1): 73--96, 2000.]] Google ScholarDigital Library
- T. Sandholm and N. Vulkan. Bargianing with deadlines. In AAAI-99, pages 44--51, Orlando, FL, 1999.]] Google ScholarDigital Library
Index Terms
- Multi-issue negotiation under time constraints
Recommendations
Optimal agendas for multi-issue negotiation
AAMAS '03: Proceedings of the second international joint conference on Autonomous agents and multiagent systemsThere are two ways of handling bilateral multi-issue negotiations -- one is to negotiate all the issues together, and the other is to negotiate them one by one. The order in which issues are negotiated in issue-by-issue negotiation is specified by the ...
A negotiation model of incomplete information under time constraints
AAMAS '02: Proceedings of the first international joint conference on Autonomous agents and multiagent systems: part 1As far as the architecture of one-to-one negotiation for practical use is concerned, what kind of equilibrium strategy should a negotiation agent follow when it faces the pressure of its deadline, as well as the uncertainties about the types and the ...
An agenda-based framework for multi-issue negotiation
This paper presents a new model for multi-issue negotiation under time constraints in an incomplete information setting. The issues to be bargained over can be associated with a single good/service or multiple goods/services. In our agenda-based model, ...
Comments