ɐ dᵻɹˈɛkt bˈɑːɹɡɪnɪŋ mˈɛkənˌɪzəm ɪz ɐ mˈɛkənˌɪzəm wˌɪtʃ ˈæsks ˈiːtʃ ˈeɪdʒənt tə ɹᵻpˈoːɹt hˈɪzɔːɹhˈɜː vˌæljuːˈeɪʃən ʌvðɪ ˈaɪɾəm, ðˈɛn dᵻsˈaɪdz wˈɛðɚ ðɪ ˈaɪɾəm wɪl biː tɹˈeɪdᵻd ænd æt wʌt pɹˈaɪs.
A direct bargaining mechanism is a mechanism which asks each agent to report his/her valuation of the item, then decides whether the item will be traded and at what price.