Negotiating complex contracts

  • Authors:
  • Mark Klein;Peyman Faratin;Hiroki Sayama;Yaneer Bar-Yam

  • Affiliations:
  • Massachusetts Institute of Technology;Massachusetts Institute of Technology;New England Complex Systems Institute;New England Complex Systems Institute

  • Venue:
  • Proceedings of the first international joint conference on Autonomous agents and multiagent systems: part 2
  • Year:
  • 2002

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Abstract

Work to date on computational models of negotiation has focused almost exclusively on defining contracts consisting of one or a few independent issues. Many real-world contracts, by contrast, consist of multiple inter-dependent issues. This paper describes a simulated annealing based approach appropriate for negotiating such complex contracts, evaluates its efficacy, and suggests potentially promising avenues for future work.