Transparency and Delay in Bargaining

Most times, negotiating parties do not have complete information; this in turn, induces inefficiencies. Does this mean that more information possessed by negotiating parities leads to efficient outcomes in negotiations? In this video, Professor Deepal Basak explains that little information when compared to no information actually leads to greater inefficiencies in negotiations.

Professor Deepal Basak is Assistant Professor of Economics. at Indian School of Business.