Non-cooperative bargaining

Non-cooperative bargaining refers to a negotiation process where each party acts independently, focusing on maximizing their own benefits without collaborating or making binding agreements with others. Instead of working together, participants may adopt competitive tactics to gain the best outcome for themselves, often leading to conflicts or compromises. This type of bargaining is common in situations like business negotiations or political discussions, where each side prioritizes its own interests, potentially resulting in a stalemate or suboptimal outcomes if compromises aren't reached.