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Haggle or Hammer? DualMechanism Housing Search Aaron Barkleya , David Genesoveb , James Hansenc aDepartment of Economics, The University of Melbourne, Faculty of Business and Economics, Melbourne,
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How to fill out haggle or hammer dual-mechanism

01
Gather all relevant information about the item or service you want to negotiate.
02
Determine your budget and the maximum amount you are willing to pay.
03
Start with the haggle approach by making the first offer, which should be lower than your maximum budget.
04
Listen to the seller's counter-offer and respond accordingly, adjusting your offer as necessary.
05
If the haggle process stalls, consider switching to the hammer approach by stating your final offer clearly and firmly.
06
Maintain a calm and respectful tone throughout the negotiation regardless of the approach.
07
Agree on the final terms once a mutually acceptable price is reached.

Who needs haggle or hammer dual-mechanism?

01
Individuals looking to purchase items at a negotiable price.
02
Businesses engaging in B2B transactions where price negotiation is common.
03
Consumers wanting to improve their negotiation skills for better deals.
04
Sales professionals aiming to refine their negotiation techniques.
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The haggle or hammer dual-mechanism refers to a process that combines negotiation (haggling) and a fixed price (hammer) to facilitate transactions or agreements.
Typically, businesses and individuals engaged in certain types of transactions, particularly in specific industries, are required to file the haggle or hammer dual-mechanism.
To fill out the haggle or hammer dual-mechanism, one must complete the required forms accurately, providing details about the transaction, including negotiation outcomes and final prices.
The purpose of the haggle or hammer dual-mechanism is to create a structured approach to negotiations and pricing, ensuring fairness and transparency in transactions.
Information that must be reported includes the initial negotiation terms, final price agreed upon, dates of negotiation, and the parties involved in the transaction.
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