Contracting Strategy Based on Markov Process Modeling

Sunju Park, Edmund H. Durfee

One of the fundamental activities in multiagent systems is the exchange of tasks among agents . In particular, we are interested in contracts among self-interested agents, where a contractor desires to find a contractee that will perform the task for the lowest payment, and a contractee wants to perform tasks that maximize its profit (payment received less the cost of doing the task). Multiple, concurrent contracts take place such that a contract may be retracted because of other contracts.

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