Bargaining

Definition

Bargaining is the process of negotiation between parties to reach a mutually acceptable agreement, often seen in the context of public policy where different stakeholders have varying interests. It involves discussions, compromises, and concessions to align on decisions that impact public interest and exercise power.

Related terms

Public Policy:

The set of actions taken by a government or public authority to address a particular issue or problem.

Power:

The ability of an entity or individual to influence the behavior of others or the course of events.

Stakeholders:

Individuals or groups that have an interest, concern, or stake in a particular issue or policy and can be affected by its outcome