Brinkmanship definition game theory

Key Takeaways Brinkmanship is a negotiating strategy that involves making a set of demands and sticking to them, even at the risk of losing the deal entirely. Brinkmanship can be used to gain more advantageous terms in a business deal, but risks alienating counterparties. Market structure, existing economic relationships, available alternatives, and timing are factors to consider in choosing whether to engage in brinkmanship.

Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. When a retailer chooses to display only one manufacturer's or designer's goods, they are employing an exclusive assortment merchandising strategy. Duopsony Duopsony, the opposite of duopoly, is an economic condition in which there are only two large buyers for a specific product or service.

Learn how to become one and the questions you should ask before starting your entrepreneurial journey. What Does Delayed Disbursement Mean? Delayed disbursement is a cash management technique that involves using checks drawn on banks in remote areas to deliberately slow down payments.

What Is an Economist? An economist is an expert who studies the relationship between a society's resources and its production or output, using a number of indicators to predict future trends. Vendor Note A vendor note is a short-term loan made to a customer secured by goods the customer buys from the vendor.

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McClintock is a Collegian correspondent. He can be reached at [email protected]. Sydney Taylor scores career-high 32 points in win over VCU. UMass takes the floor after weeks off for first A matchup of the season. Matt Murray has career weekend in net against Michigan. Weller: UMass needs consistency throughout entire game for success.

Three third period goals cause UMass to lose to Michigan. Cancel reply. Your email address will not be published. RSS Feed. Submit Search. Close Menu. Learn More About brinkmanship. Time Traveler for brinkmanship The first known use of brinkmanship was in See more words from the same year. Style: MLA. English Language Learners Definition of brinkmanship. Get Word of the Day daily email! Test Your Vocabulary. Test your visual vocabulary with our question challenge!

A daily challenge for crossword fanatics. Love words? Need even more definitions? Merriam-Webster's Words of the Week - Jan.