Under imperfect information,bargainers:
A)may miss some efficient agreements due to self-interested strategic behavior.
B)can never reach an efficient agreement.
C)often have sufficient incentives to fulfill the terms of the agreement.
D)will have an interest in revealing their true values at the outset of negotiations.
E)typically start with moderate and compatible demands.

Question

Quizplus · Accepted Answer

Under imperfect information, bargainers may miss some efficient agreements due to self-interested strategic behavior. This means that they may not disclose their true preferences or values in order to gain an advantage in negotiations, which can result in less efficient outcomes.

Under Imperfect Information,bargainers