Haggling

Haggling

Haggling is politely arguing, as told in some circles.

Optimally, if it costs the retailer nothing to engage and allow haggling, he can divine the buyer's willingness to spend. It allows for capturing more consumer surplus as it allows price discrimination, a process whereby a seller can charge a higher price to one buyer who is more eager (by being richer or more desperate). Haggling has largely disappeared in parts of the world where the cost to haggle exceeds the gain to retailers for most common retail items. However, for expensive goods sold to uninformed buyers such as automobiles, haggling can remain commonplace.

ee also

* Retailing
* Price discrimination
* Information Asymmetry
* Bargaining
* Group buy

References

* Definition of [http://www.negotiations.com/definition/haggling/ Haggling.]
* Dictionary definition of [http://www.thefreedictionary.com/haggled Haggled.]


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  • haggling — haggle hag‧gle [ˈhægl] verb [intransitive] COMMERCE to argue about a price or other amount of money before reaching an agreement: haggle over • The Maine Legislature has been haggling over the state s budget for months. haggling noun… …   Financial and business terms

  • Haggling — Haggle Hag gle (h[a^]g g l), v. t. [imp. & p. p. {Haggled} ( g ld); p. pr. & vb. n. {Haggling} ( gl[i^]ng).] [Freq. of Scot. hag, E. hack. See {Hack} to cut.] To cut roughly or hack; to cut into small pieces; to notch or cut in an unskillful… …   The Collaborative International Dictionary of English

  • haggling — Disgusting or unattractive. That girl? She s hagglin …   Dictionary of american slang

  • haggling — Disgusting or unattractive. That girl? She s hagglin …   Dictionary of american slang

  • haggling — n. bargaining; intense arguing hag·gle || hægl v. bargain, wrangle, negotiate, argue over a price or condition …   English contemporary dictionary

  • haggling — See: haggle …   English dictionary

  • haggling — noun an instance of intense argument (as in bargaining) • Syn: ↑haggle, ↑wrangle, ↑wrangling • Derivationally related forms: ↑wrangle (for: ↑wrangling), ↑ …   Useful english dictionary

  • Bargaining — For other uses, see Bargaining (disambiguation). Dicker redirects here. For the surname, see Dicker (surname). Dickering redirects here. For the wapentake of the historic East Riding of Yorkshire, see Dickering (wapentake). Bargaining or haggling …   Wikipedia

  • Haggle — When two parties involved in the purchase of a good and service negotiate the price until both parties can mutual agree on a price. The process of haggling involves two parties making offers and counteroffers to each other. The individual trying… …   Investment dictionary

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