{"id":6481,"date":"2019-03-03T16:02:37","date_gmt":"2019-03-03T15:02:37","guid":{"rendered":"https:\/\/brightfocusconsult.com\/definitions\/bargaining-with-asymmetric-information\/"},"modified":"2020-11-26T14:49:09","modified_gmt":"2020-11-26T13:49:09","slug":"bargaining-with-asymmetric-information","status":"publish","type":"definitions","link":"https:\/\/brightfocusconsult.com\/en\/definitions\/bargaining-with-asymmetric-information\/","title":{"rendered":"Bargaining with asymmetric information"},"content":{"rendered":"

Bargaining with asymmetric information, also known as information failure, occurs when one party to an economic transaction possesses greater material knowledge than the other party. This normally manifests when the seller of a good or service has greater knowledge than the buyer, although the reverse is also possible.<\/p>\n","protected":false},"template":"","class_list":{"0":"post-6481","1":"definitions","2":"type-definitions","3":"status-publish","5":"entry"},"acf":[],"yoast_head":"\nBargaining with asymmetric information - Bright Focus | Financial decision-making | Business negotiations | Negotiators<\/title>\n<meta name=\"description\" content=\"Bargaining with asymmetric information, also known as information failure, occurs when one party to an economic transaction has more knowledge\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/brightfocusconsult.com\/en\/definitions\/bargaining-with-asymmetric-information\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bargaining with asymmetric information\" \/>\n<meta property=\"og:description\" content=\"Bargaining with asymmetric information, also known as information failure, occurs when one party to an economic transaction has more knowledge\" \/>\n<meta property=\"og:url\" content=\"https:\/\/brightfocusconsult.com\/en\/definitions\/bargaining-with-asymmetric-information\/\" \/>\n<meta property=\"og:site_name\" content=\"Bright Focus | Financial decision-making | Business negotiations\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BrightFocusConsult\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-26T13:49:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/brightfocusconsult.com\/wp-content\/uploads\/2017\/12\/eric-bloemendaal-h-edit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1201\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@BloemendaalEric\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/brightfocusconsult.com\/en\/definitions\/bargaining-with-asymmetric-information\/\",\"url\":\"https:\/\/brightfocusconsult.com\/en\/definitions\/bargaining-with-asymmetric-information\/\",\"name\":\"Bargaining with asymmetric information - 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