Print Email Facebook Twitter Approximating the Qualitative Vickrey Auction by a Negotiation Protocol Title Approximating the Qualitative Vickrey Auction by a Negotiation Protocol Author Hindriks, K.V. Tykhonov, D. De Weerdt, M.M. Faculty Electrical Engineering, Mathematics and Computer Science Date 2010-12-31 Abstract A result of Bulow and Klemperer has suggested that auctions may be a better tool to obtain an efficient outcome than negotiation. For example, some auction mechanisms can be shown to be efficient and strategy-proof. However, they generally also require that additional constraints are met which are not always easy to guarantee in practice. It thus is interesting to find methods that do not impose such constraints but still approximate the theoretically predicted outcome of the mechanism. In this paper we show that a negotiation protocol may be used to this end if the negotiating agents are capable of learning opponent preferences. The latter condition can be met by current state of the art negotiation technology. We present a protocol that approximates the theoretical outcome predicted by a so-called Qualitative Vickrey auction mechanism. Subject qualitative auctionmulti-bilateral negotiationBayesian learningapproximationprocurementmultiattribute auctionsimulations To reference this document use: http://resolver.tudelft.nl/uuid:35354556-3119-43ff-b1f5-f5de68b0a70d Publisher Springer Source https://doi.org/doi:10.1007/978-3-642-15117-0_4 Source Lecture Notes in Business Information Processing, 59, 2010; authors version Part of collection Institutional Repository Document type book chapter Rights (c) 2010 SpringerThe original publication is available at www.springerlink.com Files PDF amec09koen1.pdf 255.69 KB Close viewer /islandora/object/uuid:35354556-3119-43ff-b1f5-f5de68b0a70d/datastream/OBJ/view