Concept information
Preferred term
bargaining theory
Definition
- Bargaining is a universal social phenomenon. It takes place whenever humans are engaged in “antagonistic cooperation” and have to negotiate agreements on matters such as prices, wages, and regulations concerning personal, group, and international relations. [Source: Encyclopedia of Philosophy and the Social Sciences; Bargaining Theory]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/bargaining_theory
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