Bargaining is a frictional cost, and is best avoided for anything except the very large ticket items.
Yes, the seller and the buyer both want the best price they can get on any given transaction. However, the time and energy required to get that price through haggling are often worth far more than the difference in purchase price. When buying or selling a house, I'll haggle, but I don't want to waste my life haggling over each rug.
I suspect that as Turkey develops economically, most people there won't want to, either. Here in Taiwan, this sort bargaining is far, far less common than it used to be.
Comments
Bargaining is a frictional cost, and is best avoided for anything except the very large ticket items.
Yes, the seller and the buyer both want the best price they can get on any given transaction. However, the time and energy required to get that price through haggling are often worth far more than the difference in purchase price. When buying or selling a house, I'll haggle, but I don't want to waste my life haggling over each rug.
I suspect that as Turkey develops economically, most people there won't want to, either. Here in Taiwan, this sort bargaining is far, far less common than it used to be.