Cooperative Bargaining Theory

Cooperative Bargaining Theory is a way to analyze how different parties can work together to reach agreements that benefit everyone involved. It focuses on negotiating strategies, considering each side’s goals and resources, to find solutions where all parties gain or improve their situation rather than compete for resources. The theory emphasizes collaboration, fairness, and rational decision-making, recognizing that through negotiation, parties can establish mutually acceptable terms that maximize joint benefits and ensure stability in their agreements.