What does bargaining power mean?

Definitions for bargaining power
bar·gain·ing pow·er

This dictionary definitions page includes all the possible meanings, example usage and translations of the word bargaining power.

Wiktionary

  1. bargaining powernoun

    The ability to influence the setting of prices or wages, usually arising from some sort of monopoly or monopsony position -- or a non-equilibrium situation in the market.

  2. bargaining powernoun

    The general concept of how much leverage or influence a bargainer has in the course of a negotiation.

Wikipedia

  1. Bargaining power

    Bargaining power is the relative ability of parties in an argumentative situation (such as bargaining, contract writing, or making an agreement) to exert influence over each other. If both parties are on an equal footing in a debate, then they will have equal bargaining power, such as in a perfectly competitive market, or between an evenly matched monopoly and monopsony. There are a number of fields where the concept of bargaining power has proven crucial to coherent analysis, including game theory, labour economics, collective bargaining arrangements, diplomatic negotiations, settlement of litigation, the price of insurance, and any negotiation in general.

Wikidata

  1. Bargaining power

    Bargaining power is the relative ability of parties in a situation to exert influence over each other. If both parties are on an equal footing in a debate, then they will have equal bargaining power, such as in a perfectly competitive market, or between an evenly matched monopoly and monopsony. There are a number of fields where the concept of bargaining power has proven crucial to coherent analysis: game theory, labour economics, collective bargaining arrangements, diplomatic negotiations, settlement of litigation, the price of insurance, and any negotiation in general. Bargaining power is often expressed as a ratio of a party's ability to influence the other participant, to the costs of not reaching an agreement to that party. BPA = / BPB = / If BPA is greater than BPB, then A has greater Bargaining Power than B, and the resulting agreement will tend to favor A. The reverse is expected if B has greater bargaining power instead. Here is a layman's terms example of one party displaying large amounts of bargaining power over the other:

How to pronounce bargaining power?

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Numerology

  1. Chaldean Numerology

    The numerical value of bargaining power in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of bargaining power in Pythagorean Numerology is: 6

Examples of bargaining power in a Sentence

  1. Tarun Kataria:

    It's massively sub-optimal for the issuer since the bankers are not sufficiently incentivised to get the best possible price execution from global investors, in addition, it reduces the banks' bargaining power in private-sector deals.

  2. Oliver Herzfeld:

    This is going to be an enormously expensive thing for the network regardless of what they have to pay to settle with Roseanne and whatever guaranteed minimums they have to pay to the cast and crew that has bargaining power. This was an extremely successful reboot and they’re going to lose all the revenue that they were expecting to receive with this show, they’ll have to replace the time slot as well with a show that might not be as successful.

  3. Muhammad Shakeel:

    real politics is such a process of growth through which you gain the bargaining power...

  4. Jason Furman:

    Workers have had more bargaining power to get larger wages, but firms have also had power to set higher prices, and the prices are beating the wages.

  5. Michael Lind:

    If you have free universal health care and free education supported by public school taxes, then you have more bargaining power with your bosses, but if everything is privatized, and ordinary Americans have to pay for everything through their wages, then they're at the mercy of their employers. If the workers know they'll be ruined if they lost their jobs, they're not going to be uppity. You want to break their spirit.

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"bargaining power." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/bargaining+power>.

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