Publication - Extending Alternating-Offers Bargaining in One-to-Many and Many-to-Many Settings

Authors: An, Bo; Gatti, Nicola; Lesser, Victor
Title: Extending Alternating-Offers Bargaining in One-to-Many and Many-to-Many Settings
Abstract: Automating negotiations in markets where multiple buyers and sellers operate is a scientific challenge of extraordinary importance. One-to-one negotiations are classically studied as bilateral bargaining problems, while one-to-many and many-to-many negotiations are studied as auctioning problems. This paper aims at bridging together these two approaches, analyzing agentsí strategic behavior in one-to-many and many-to-many negotiations when agents follow the alternating-offers bargaining protocol [5]. First, we propose a novel mechanism that captures the peculiarities of these settings. Then, we preliminarily explore how uncertainty over reserve prices and deadlines can affect equilibrium strategies. Surprisingly, the computation of the equilibrium for realistic ranges of the parameters in one-to-many settings is reduced to the computation of the equilibrium either in one-to-one settings with uncertainty or in one-to-many settings without uncertainty.
Keywords: Negotiation
Publication: Proceedings of 2009 IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology, Short Paper, pp. 423 - 426
Location: Milan
Publisher: IEEE Computer Society
Date: 2009
Sources: PDF: http://mas.cs.umass.edu/~ban/papers/many-many-iat.pdf
Reference: An, Bo; Gatti, Nicola; Lesser, Victor. Extending Alternating-Offers Bargaining in One-to-Many and Many-to-Many Settings . Proceedings of 2009 IEEE/WIC/ACM International Conference on Web Intelligence and Intelligent Agent Technology, Short Paper, IEEE Computer Society, pp. 423-426. 2009.
bibtex:
@inproceedings{An-476,
  author    = "Bo An and Nicola Gatti and Victor Lesser",
  title     = "{Extending Alternating-Offers Bargaining in
               One-to-Many and Many-to-Many Settings }",
  booktitle = "Proceedings of 2009 IEEE/WIC/ACM International
               Conference on Web Intelligence and Intelligent
               Agent Technology, Short Paper",
  publisher = "IEEE Computer Society",
  pages     = "423-426",
  year      = "2009",
  address   = "Milan",
  url       = "http://mas.cs.umass.edu/paper/476",
}