Non-Monotonic-Offers Bargaining Protocol

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 nonmonotonic-offers protocols can generate higher average surplus and lower breakdown rate compared to monotonic-offers protocols.

• Type: Conference
• Year: 2004
• Where: ATAL
• Authors: Pinata Winoto, Gordon I. McCalla, Julita Vassileva
• Keywords: Alternating-offer Bargaining Protocol, ATAL 2004, Belief Revisions, Lower Breakdown Rate