Economics Game Theory Questions
Bargaining in international relations refers to the process of negotiation and compromise between two or more countries or international actors to reach mutually beneficial agreements. It involves the exchange of offers, concessions, and demands in order to achieve desired outcomes and resolve conflicts. Bargaining in international relations can take place in various contexts, such as trade negotiations, diplomatic discussions, or conflict resolution efforts. The concept recognizes that countries have different interests, preferences, and power dynamics, and bargaining allows them to find common ground and make decisions that serve their respective national interests while considering the interests of others.