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WS99-12-007.pdf
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🔗 Source: cdn.aaai.org
📊 Size: 605 KB
👤 Author: Tuomas Sandholm and Yunhong Zhou
⬇️ Downloads: 67

Summary

Researchers Tuomas Sandholm and Yunhong Zhou studied leveled commitment contracts in automated negotiation systems, where contracts allow unilateral decommitting by paying a predetermined penalty. They found that different protocols for decommitting decisions lead to the same expected social welfare when the contract price and penalties are optimized, allowing agents to construct optimal leveled commitment contracts. This revenue equivalence holds for risk-neutral agents, but ceases to hold if agents are not risk-neutral. The study also showed that integrative bargaining does not hinder distributive bargaining, and the excess can be divided arbitrarily without compromising optimality.

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Researchers Tuomas Sandholm and Yunhong Zhou studied leveled commitment contracts in automated negotiation systems, where contracts allow unilateral...

Technical Information

  • File Format: PDF
  • File Size: 605 KB
  • Pages: 6
  • Language: EN
  • Author: Tuomas Sandholm and Yunhong Zhou
  • Total Downloads: 67
  • Last Updated: 3 hours ago

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