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Bargaining doesn't seem to work at scale (countries with bargaining habits don't do good economically) and it rapidly becomes a big waste of time for everybody.



As someone who always disliked visiting markets where bargaining is expected, this intrigues me. Can you recommend a book or documentary about this, or maybe explain a bit of the theorized causal connection?


Seconding nitrogen's request – I'm very interested in any pointers to further reading.

A potential cause for this effect might be that widespread bargaining reduces a market's efficiency, since prices are less transparent for buyers and sellers.




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