Each player’s management must set profit goals and limits on the size of individual transactions. In addition, any management team is free to set additional rules. We illustrate one in this demonstration. For the demonstration, the player’s have a uniform set of rules but each player specifies particular numerical parameters. We will illustrate the parameters with the values chosen by Player A’s management.

1. 1.profit_rate_minimum is the lowest profit that is acceptable expressed as percentage points per month. The maximum profit will default to an unrealistically high value of 20% per month. The profit_rate_minimum must be high enough to take account of the uncertainty in the trading price of the stocks at the close of the stock swap. Player A’s value is:
   

profit_rate_minimum = 0.5

2. 2.transaction_size_minimum is the lowest acceptable value of the stock involved in the initial exchange of the stock swap. This minimum prevents small transactions with a high administrative cost. Player A’s value is:
   

transaction_size_minimum = 250000

3. 3.profit_value_minimum is the lowest expected dollar amount of the profit expected for the negotiated term of the swap. This minimum prevents small transactions with a high administrative cost. Player A’s value is:
   

profit_value_minimum = 100000

4. 4.max_value is the maximum swap value in dollars. Player A’s value is:
   

max_value = 2000000

5. 5.max_interval is the maximum duration of the swap in months. Player A’s value is:
   

max_interval = 24

6. A player can also block an offer based on the stock accepted in the swap or the stock given in the swap. Blocked stocks are listed inside square brackets. Player A decides not to block any particular stock:

block_accept_stock = [ ]

block_for_stock = []

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