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Mathematics & Economics
English (U.S.)
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Strategic View of Bargaining. Explain the strategic view of bargaining (Essay Sample)


Explain the strategic view of bargaining with numerical example and discuss how each player would make decisions.


Strategic View of Bargaining
Strategic View of Bargaining
Strategic bargaining usually involves weighing the preferences of two parties that are involved in a transaction of any kind. Both parties typically have their preferences or strategies, which, in return, have different outcomes. The outcomes also come with a variety of utilities. It is, therefore, the utilities of the parties that are always weighed against each other to determine the ones that suit both parties in equal levels (Johnston,1990). 

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