Agreed. If nothing else, in a bargaining process, keeping the maximum/minimum price that one would accept private during the negotiation doesn’t fit into either category.
But if both parties were forbidden from keeping their reservation price secret the problem would be less bad, so it does kind-of fit into the spirit of the second category, though not its letter.
Agreed. If nothing else, in a bargaining process, keeping the maximum/minimum price that one would accept private during the negotiation doesn’t fit into either category.
But if both parties were forbidden from keeping their reservation price secret the problem would be less bad, so it does kind-of fit into the spirit of the second category, though not its letter.