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Optimal Negotiation of Multiple Issues in Incomplete Information Settings

Published: 19 July 2004 Publication History

Abstract

This paper studies bilateral multi-issue negotiation between self-interested agents. The outcome of such encounters depends on two key factors: the agenda (i.e., the set of issues under negotiation) and the negotiation procedure (i.e., whether the issues are discussed together or separately). Against this background, this paper analyses such negotiations by varying the agenda and negotiation procedure. This analysis is carried out in an incomplete information setting in which an agent knows its own negotiation parameters, but has incomplete information about its opponent's. We first determine the equilibrium strategies for two negotiation procedures: issue-by-issue and package deal. On the basis of these strategies we determine the negotiation outcome for all possible agenda - procedure combinations and the optimal agenda - procedure combination for each agent. We determine those conditions for which agents have identical preferences over the optimal agenda and procedure and those for which they do not, and for both conditions we show the optimal agenda and procedure.

References

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Cited By

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  • (2017)Towards An Autonomous Agent that Provides Automated Feedback on Students' Negotiation SkillsProceedings of the 16th Conference on Autonomous Agents and MultiAgent Systems10.5555/3091125.3091187(410-418)Online publication date: 8-May-2017
  • (2016)An Adaptive Procedure for Settling Multiple Issues in Bilateral Negotiation with Time ConstraintsProceedings of the The 11th International Knowledge Management in Organizations Conference on The changing face of Knowledge Management Impacting Society10.1145/2925995.2925996(1-8)Online publication date: 25-Jul-2016
  • (2013)Evolutionary-aided negotiation model for bilateral bargaining in Ambient Intelligence domains with complex utility functionsInformation Sciences: an International Journal10.1016/j.ins.2010.11.018222(25-46)Online publication date: 1-Feb-2013
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cover image ACM Conferences
AAMAS '04: Proceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 3
July 2004
487 pages
ISBN:1581138644

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IEEE Computer Society

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Published: 19 July 2004

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Cited By

View all
  • (2017)Towards An Autonomous Agent that Provides Automated Feedback on Students' Negotiation SkillsProceedings of the 16th Conference on Autonomous Agents and MultiAgent Systems10.5555/3091125.3091187(410-418)Online publication date: 8-May-2017
  • (2016)An Adaptive Procedure for Settling Multiple Issues in Bilateral Negotiation with Time ConstraintsProceedings of the The 11th International Knowledge Management in Organizations Conference on The changing face of Knowledge Management Impacting Society10.1145/2925995.2925996(1-8)Online publication date: 25-Jul-2016
  • (2013)Evolutionary-aided negotiation model for bilateral bargaining in Ambient Intelligence domains with complex utility functionsInformation Sciences: an International Journal10.1016/j.ins.2010.11.018222(25-46)Online publication date: 1-Feb-2013
  • (2011)Analyzing intra-team strategies for agent-based negotiation teamsThe 10th International Conference on Autonomous Agents and Multiagent Systems - Volume 310.5555/2034396.2034401(929-936)Online publication date: 2-May-2011
  • (2011)Utility estimation in large preference graphs using a searchProceedings of the 24th Canadian conference on Advances in artificial intelligence10.5555/2018192.2018198(50-55)Online publication date: 25-May-2011
  • (2010)Secure and efficient protocols for multiple interdependent issues negotiationJournal of Intelligent & Fuzzy Systems: Applications in Engineering and Technology10.5555/1735086.173508921:3(175-185)Online publication date: 1-Aug-2010
  • (2009)Searching for fair joint gains in agent-based negotiationProceedings of The 8th International Conference on Autonomous Agents and Multiagent Systems - Volume 210.5555/1558109.1558159(1049-1056)Online publication date: 10-May-2009
  • (2008)A new multilateral multi-issue negotiation protocol and its application to a crisis management problemMultiagent and Grid Systems10.5555/1378675.13786814:1(103-123)Online publication date: 1-Jan-2008
  • (2008)A multi-issue negotiation protocol among agents with nonlinear utility functionsMultiagent and Grid Systems10.5555/1378675.13786784:1(67-83)Online publication date: 1-Jan-2008
  • (2008)A decentralized model for automated multi-attribute negotiations with incomplete information and general utility functionsMultiagent and Grid Systems10.5555/1378675.13786774:1(45-65)Online publication date: 1-Jan-2008
  • Show More Cited By

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