Competitive Bargaining

Competitive bargaining is a process where two or more parties negotiate to reach an agreement, each trying to maximize their own benefits. It's often characterized by strategies like asserting demands, making offers, and sometimes bargaining hard to gain the best possible outcome. Think of it as a contest of negotiation skills, where each side aims to secure the most favorable terms, sometimes at the expense of others, but within the boundaries of the negotiation rules. The focus is on competing interests, and success depends on each party’s ability to negotiate effectively while managing the dynamics of the process.