simultaneous bargaining

Simultaneous bargaining occurs when two or more parties negotiate their terms at the same time rather than sequentially. Instead of one side making offers and the other responding, all parties present their positions simultaneously, often through bids or proposals. This approach can streamline negotiations, reduce the risk of one party gaining an advantage, and promote transparency, as everyone is aware of all proposals from the outset. It’s commonly used in settings like auctions or negotiations where multiple stakeholders have competing interests that need to be addressed concurrently.