14 Pages Posted: 6 Dec 2007
Date Written: 10/01/01
Work to date on computational models of negotiation has focused almost exclusively on defining contracts consisting of one or a few independent issues and tractable contract spaces. Many real-world contracts, by contrast, are much more complex, consisting of multiple inter-dependent issues and intractably large contract spaces. This paper describes a simulated annealing based approach appropriate for negotiating such complex contracts that achieves near-optimal social welfares for negotiations with binary issue dependencies.
Keywords: non-linear negotiation, interdependent issues
Suggested Citation: Suggested Citation
Klein, Mark and Faratin, Peyman and Sayama, Hiroki and Bar-Yam, Yaneer, Negotiating Complex Contracts (10/01/01). MIT Sloan Research Paper No. 4196. Available at SSRN: https://ssrn.com/abstract=1040961 or http://dx.doi.org/10.2139/ssrn.1040961