Automated Negotiation from Declarative Contract Descriptions
Author(s)
Grosof, Benjamin; Reeves, Daniel; Wellman, Michael
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Show full item recordAbstract
Our approach for automating the negotiation of business
contracts proceeds in three broad steps. First, determine
the structure of the negotiation process by applying general
knowledge about auctions and domain-specific knowledge
about the contract subject along with preferences from po-
tential buyers and sellers. Second, translate the determined
negotiation structure into an operational specication for
an auction platform. Third, map the negotiation results to
a nal contract. We have implemented a prototype which
supports these steps, employing a declarative specication
(in Courteous Logic Programs) of (1) high-level knowledge
about alternative negotiation structures, (2) general-case
rules about auction parameters, (3) rules to map the auction
parameters to a specic auction platform, and (4) special-
case rules for subject domains. We demonstrate the exi-
bility of this approach by automatically generating several
alternative negotiation structures for a previous domain:
travel-shopping in a trading agent competitio
Date issued
2002-10-23Series/Report no.
MIT Sloan School of Management Working Paper;4188-01eBusiness@MIT;114
Keywords
Negotiations, Contracts, Auctions, Domain-specific knowledge