Negotiating Socially Optimal Allocations of Resources

Details Negotiating Socially Optimal Allocations of Resources Negotiating Socially Optimal Allocations of Resources

2011-09-28

arxiv.org/abs/1109.6340v1

Journal Of Artificial Intelligence Research, Volume 25, pages 315-348, 2006

Computer Science

Multiagent Systems

Scientific paper

10.1613/jair.1870

A multiagent system may be thought of as an artificial society of autonomous software agents and we can apply concepts borrowed from welfare economics and social choice theory to assess the social welfare of such an agent society. In this paper, we study an abstract negotiation framework where agents can agree on multilateral deals to exchange bundles of indivisible resources. We then analyse how these deals affect social welfare for different instances of the basic framework and different interpretations of the concept of social welfare itself. In particular, we show how certain classes of deals are both sufficient and necessary to guarantee that a socially optimal allocation of resources will be reached eventually.

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