Impasse
This article needs additional citations for verification. (February 2008) |
This article relies largely or entirely on a single source. (January 2022) |
A bargaining impasse occurs when the two sides negotiating an agreement are unable to reach an agreement and become deadlocked. An impasse is almost invariably mutually harmful, either as a result of direct action which may be taken such as a
Impasse can provide a credible signal that a party's position is genuine and not merely an
Impasse may also arise if parties suffer from self-serving bias. Most disputes arise in situations where facts are able to be interpreted in multiple ways, and if parties interpret the facts to their own benefit they may be unable to accept the opposing party's claim as reasonable. They may believe the other side is either bluffing or acting unfairly and deserves to be "punished".
As bargaining impasse is mutually harmful, it may be beneficial for the parties to accept binding
The word impasse is taken from the french impasse.
See also
- Deadlock
- Gridlock (politics)
- List of French expressions in English
- Mexican standoff
- Nash equilibrium
- Obstacle
- Stalemate
- Vendor lock-in