Journal
AUTONOMOUS AGENTS AND MULTI-AGENT SYSTEMS
Volume 11, Issue 1, Pages 45-67Publisher
SPRINGER
DOI: 10.1007/s10458-005-0984-1
Keywords
automated negotiation; alternating offer protocol; multiagent systems; belief revision
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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.
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