Verhandelns
Verhandelns is a term used in negotiation studies to describe a framework for analyzing how parties reach agreements under strategic interaction and imperfect information. The word is derived from Dutch verhandelen, meaning to negotiate or bargain, and is used in some European academic circles to emphasize the procedural dimension of bargaining in addition to the final terms.
Core elements of verhandelns include the preferences and outside options of each party, relative bargaining power,
Methodologically, verhandelns draws on bargaining theory, game theory, and empirical case studies. It employs models of
Applications encompass diplomacy, labor relations, contract negotiation, and environmental or trade agreements. Critics note that verhandelns