The parent mentioned Bargaining Power. Many people, including non-native speakers, may be unfamiliar with this word. Here is the definition:(In beta, be kind)
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 ... [View More]
See also: Overreaching | Interstate | Labour Economics | Collective Bargaining | Monopsony | Negotiation
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