Non-Monotonic-Offers Bargaining Protocol

  • Authors:
  • Pinata Winoto;Gordon I. McCalla;Julita Vassileva

  • Affiliations:
  • Department of Computer Science, University of Saskatchewan, Saskatoon, Canada S7N 5A9;Department of Computer Science, University of Saskatchewan, Saskatoon, Canada S7N 5A9;Department of Computer Science, University of Saskatchewan, Saskatoon, Canada S7N 5A9

  • Venue:
  • Autonomous Agents and Multi-Agent Systems
  • Year:
  • 2005

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Abstract

This paper concerns the strengths and weaknesses of non-monotonic-offers in alternating-offer bargaining protocols. It is commonly assumed that bargainers submit monotonic offers over time corresponding to their belief revisions. However, through formal analysis and simulations, we are able to show that a non-monotonic-offers protocol can generate higher average surplus and a lower breakdown rate compared to a monotonic-offers protocol.