Protocols for Negotiating Complex Contracts

Authors:
Mark Klein;Peyman Faratin;Hiroki Sayama;Yaneer Bar-Yam
Affiliations:
Massachusetts Institute of Technology;Massachusetts Institute of Technology;University of Electro-Communications;New England Complex Systems Institute
Venue:
IEEE Intelligent Systems
Year:
2003

Citing 4
Cited 30

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Abstract

Work to date on negotiation protocols has focused almost exclusively on defining contracts consisting of one or a few independent issues and relatively small number of possible contracts. Many real-world contracts, by contrast, are much more complex, consisting of multiple interdependent issues and intractably large contract spaces. This paper describes a simulated annealing based approach appropriate for negotiating such complex contracts that achieves near-optimal outcomes for negotiations with binary issue dependencies.