Auction Based Negotiation Protocols

         

 

·        Auctions are a multilateral negotiation protocol and contribute to a large amount of transactions on the net.

 

·        Lot of research has been done to extend the framework of auctions in order to enable more powerful exchanges.

 

·        Eg: Combinatorial auctions-Bidders place bids on a combination of goods.

 

·        Multi attribute auctions-bids on goods with several negotiable attributes.