Limited regulatory oversight turns a trading-auction negotiation into reliable consensus among self-interested airspace sector managers in an air traffic rerouting case
The work proposes a regulated decentralized negotiation framework that augments a decentralized negotiation mechanism with limited regulatory oversight, built on the trading auction for consensus so that self-interested agents with conflicting preferences negotiate without directly disclosing private asset valuations; it establishes theoretical guarantees of finite-time termination and derives bounds linking system efficiency and convergence rate to the level of regulatory intervention, and a case study based on the Collaborative Trajectory Options Program, a rerouting initiative in U.S.