Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 3 (AAMAS'04)
Non-Monotonic-Offers Bargaining Protocol
New York City, New York, USA
July 19-July 23
ISBN: 0-7695-2092-8
This paper discusses the strengths and weaknesses of non-monotonic-offers in alternating-offer bargaining protocol. It is commonly assumed that bargainers submit monotonic offers over time, which correspond to their belief revisions. However, through formal analysis and simulations, we are able to show that non-monotonic-offers protocols can generate higher average surplus and lower breakdown rate compared to monotonic-offers protocols.
Citation:
Pinata Winoto, Gordon McCalla, Julita Vassileva, "Non-Monotonic-Offers Bargaining Protocol," aamas, vol. 3, pp.1072-1079, Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 3 (AAMAS'04), 2004