Protocols for Negotiating Complex Contracts

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November/December 2003 (vol. 18 no. 6)

pp. 32-38

	ASCII Text	x
	Mark Klein, Peyman Faratin, Hiroki Sayama, Yaneer Bar-Yam, "Protocols for Negotiating Complex Contracts," IEEE Intelligent Systems, vol. 18, no. 6, pp. 32-38, November/December, 2003.

	BibTex	x
	@article{ 10.1109/MIS.2003.1249167, author = {Mark Klein and Peyman Faratin and Hiroki Sayama and Yaneer Bar-Yam}, title = {Protocols for Negotiating Complex Contracts}, journal ={IEEE Intelligent Systems}, volume = {18}, number = {6}, issn = {1541-1672}, year = {2003}, pages = {32-38}, doi = {http://doi.ieeecomputersociety.org/10.1109/MIS.2003.1249167}, publisher = {IEEE Computer Society}, address = {Los Alamitos, CA, USA}, }

	RefWorks Procite/RefMan/Endnote	x
	TY - MGZN JO - IEEE Intelligent Systems TI - Protocols for Negotiating Complex Contracts IS - 6 SN - 1541-1672 SP32 EP38 EPD - 32-38 A1 - Mark Klein, A1 - Peyman Faratin, A1 - Hiroki Sayama, A1 - Yaneer Bar-Yam, PY - 2003 KW - contracts KW - negotiation protocol KW - multiple interdependent issues KW - prisoner's dilemma KW - simulated annealing VL - 18 JA - IEEE Intelligent Systems ER -

Mark Klein, Massachusetts Institute of Technology

Peyman Faratin, Massachusetts Institute of Technology

Hiroki Sayama, University of Electro-Communications

Yaneer Bar-Yam, New England Complex Systems Institute

DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/MIS.2003.1249167

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.

Index Terms:

contracts, negotiation protocol, multiple interdependent issues, prisoner's dilemma, simulated annealing

Citation:

Mark Klein, Peyman Faratin, Hiroki Sayama, Yaneer Bar-Yam, "Protocols for Negotiating Complex Contracts," IEEE Intelligent Systems, vol. 18, no. 6, pp. 32-38, Nov./Dec. 2003, doi:10.1109/MIS.2003.1249167

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