Design and Implementation of an Agent-based Trading Mechanism
Automated negotiation is a key form of communication in systems composed of multiple autonomous agents. One of these multi-agent environments could be e-commerce contexts in which agents participate in the trade instead of their owners and start a bargaining process. Hence, design and implementation of a scientific agent-based bargaining mechanism (based on negotiation) for such contexts is offered in this study. This bargaining mechanism which can decrease the negotiation time in specific situation, in effect, works out based on concession rate principal. Using this mechanism, not only negotiation time will be decreased, but also the gained utility will be increased (if specific criteria are satisfied). These aims are achievable using competitive-collaborative nature of suggested method. Collaborative nature results in agents to help each other to decrease negotiation time. Competitive nature also results in agents’ hard efforts to achieve higher personal utility and avoid utility loss.