Tag Archives: bargaining

Trade and Asymmetry of Value

Trade, or barter, or exchange of one commodity for another, is one of the foundations of modern life. Most transactions today are carried out using money. Money is exchanged for something – fruits, a home, a person’s time, etc. We … Continue reading

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Bargaining Games

Everyone’s done a bit of bargaining at some point or the other in their life. This might be while shopping for a wallet on the road side, haggling with the auto-driver on the fare, negotiating a compensation package with your … Continue reading

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