I was in Morocco recently and they have no price on their items. They ask you how much do you value and item in your mind. So if I am willing to pay 20 dollars for a scarf and another person is willing to pay 40 dollars. Then of course you haggle but I found the principle intriguing . How much is something worth to me. Sometimes I pay the big bucks to get the best and have peace of mind. The time and effort of something going wrong is more valuable than the difference
What a fascinating concept! This is the first time I've heard of this, but once you are aware of this it sure changes how you perceive things!