When LLM Agents Negotiate: Private Information and Dynamic Bargaining in Supply Chains
Source
Chen Liang, Fasheng Xu
Author
Chen Liang, Fasheng Xu
Date
Terms in this piece · Glossary
LLM — A large language model — the neural network behind tools like Claude and ChatGPT, trained on huge amounts of text to predict what comes next.
Why it matters
Anyone delegating transactions to autonomous agents gets a measured floor for when automated profit verification is a required guardrail, and evidence that model vendor choice is itself a distributional decision.
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