Complexity in negotiation leads to perpetual disagreement and inefficiencies.
Bargaining can lead to inefficiencies due to disagreements and costs. Players prefer simpler strategies in negotiation games, leading to efficient outcomes. However, costly bargaining games often result in perpetual disagreement. Introducing small transaction costs in negotiation games can also lead to perpetual disagreement. Complexity influences the efficiency of bargaining outcomes, with transaction costs affecting the feasibility of agreements.