An Agent Matching Architecture for Bilateral Contacts in Multi Agent Markets

In this paper, an agent matching architecture for bilateral contracts of a multi agent market is proposed. The bilateral market contains a number of sellers and buyers who face opponents for negotiation and signing bilateral contracts. Each agent has a hierarchical representation of trading commodity attributes, where based on that it will create a tree structure of attributes. Using this structure, we apply a modified version of fuzzy similarity algorithm to compute similarity between each pair of buyer and seller agents´ trees. Then, we use game theory and the concept of Stackelberg equilibrium to assess the matchmaking among the seller and buyer agents. Agents who lose contract or want to sign a new contract have a chance to restart the procedure. Through a case study for bilateral contracts in energy market, the applicability of our agent matching architecture is illustrated.