Searching for pure strategy equilibria in bilateral bargaining with one-sided uncertainty

  • Authors:
  • Bo An;Nicola Gatti;Victor Lesser

  • Affiliations:
  • University of Massachusetts, Amherst;Politecnico di Milano, Milano, Italy;University of Massachusetts, Amherst

  • Venue:
  • Proceedings of the 9th International Conference on Autonomous Agents and Multiagent Systems: volume 1 - Volume 1
  • Year:
  • 2010

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Abstract

The problem of finding agents' rational strategies in bargaining with incomplete information is well known to be challenging. The literature provides a collection of results for very narrow uncertainty settings, but no generally applicable algorithm. In this paper, we focus on the alternating-offers finite horizon bargaining protocol with one-sided uncertainty regarding agents' reserve prices. We provide an algorithm based on the combination of game theoretic analysis and search techniques which finds agents' equilibrium in pure strategies when they exist. Our approach is sound, complete and, in principle, can be applied to other uncertainty settings.