Automated Negotiation from Declarative Contract Descriptions
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- tentia...
| Main Authors: | , , |
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| Language: | en_US |
| Published: |
2002
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| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/1768 |
| _version_ | 1826213670559940608 |
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| author | Grosof, Benjamin Reeves, Daniel Wellman, Michael |
| author_facet | Grosof, Benjamin Reeves, Daniel Wellman, Michael |
| author_sort | Grosof, Benjamin |
| collection | MIT |
| description | 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 |
| first_indexed | 2024-09-23T15:52:57Z |
| id | mit-1721.1/1768 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T15:52:57Z |
| publishDate | 2002 |
| record_format | dspace |
| spelling | mit-1721.1/17682019-04-10T21:56:19Z Automated Negotiation from Declarative Contract Descriptions Grosof, Benjamin Reeves, Daniel Wellman, Michael Negotiations Contracts Auctions Domain-specific knowledge 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 2002-10-23T19:08:03Z 2002-10-23T19:08:03Z 2002-10-23T19:08:03Z http://hdl.handle.net/1721.1/1768 en_US MIT Sloan School of Management Working Paper;4188-01 eBusiness@MIT;114 250408 bytes application/pdf application/pdf |
| spellingShingle | Negotiations Contracts Auctions Domain-specific knowledge Grosof, Benjamin Reeves, Daniel Wellman, Michael Automated Negotiation from Declarative Contract Descriptions |
| title | Automated Negotiation from Declarative Contract Descriptions |
| title_full | Automated Negotiation from Declarative Contract Descriptions |
| title_fullStr | Automated Negotiation from Declarative Contract Descriptions |
| title_full_unstemmed | Automated Negotiation from Declarative Contract Descriptions |
| title_short | Automated Negotiation from Declarative Contract Descriptions |
| title_sort | automated negotiation from declarative contract descriptions |
| topic | Negotiations Contracts Auctions Domain-specific knowledge |
| url | http://hdl.handle.net/1721.1/1768 |
| work_keys_str_mv | AT grosofbenjamin automatednegotiationfromdeclarativecontractdescriptions AT reevesdaniel automatednegotiationfromdeclarativecontractdescriptions AT wellmanmichael automatednegotiationfromdeclarativecontractdescriptions |