An in-depth exploration of bluffing, a strategic act of deception used in games, negotiations, and everyday interactions to mislead opponents about one's actual position or hand.
Concessionary bargaining refers to a negotiation process where unions agree to surrender certain previous gains to secure future benefits or avoid layoffs and company closures.
Illegal subjects refer to topics or matters that cannot be negotiated within agreements, typically because they violate labor laws, individual rights, or public policy.
Comprehensive coverage of industrial action, including historical context, types, key events, detailed explanations, formulas, charts, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, stories, quotes, proverbs, expressions, jargon, FAQs, and references.
An organized association of workers formed to protect and further their rights and interests.
An in-depth analysis of the Coase Theorem, which posits that markets can address externalities through negotiation without the need for government intervention.
An arrangement in which creditors agree to accept partial payment in full settlement of their claims, commonly seen in small, unincorporated business failures.
A counteroffer is the rejection of an original offer to buy or sell with a simultaneous substitute offer, typically involving different terms such as price, financing arrangements, or other conditions.
An impasse, often referred to as a deadlock, occurs when there is no movement in negotiations or decision-making processes, often due to a lack of compromise between involved parties. An example of this would be a stalemate in negotiations between an employer and a labor union.
A comprehensive look at mandatory subjects in collective bargaining such as hours, medical benefits, pensions, and wages, and their implications when one party refuses to negotiate.
