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Protocols for Negotiating Complex Contracts
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/MIS.2003.1249167November/December 2003 (vol. 18 no. 6) pp. 32-38
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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
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@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
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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

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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