In an economy, the income effects from a transfer payment always sum to zero.
WSJ: Arthur B. Laffer: Unemployment Benefits Aren't Stimulus
While the income effects sum to zero, the substitution effects aggregate.
WSJ: Arthur B. Laffer: Unemployment Benefits Aren't Stimulus
While the search for better investment returns goes on, however, it's important to step back occasionally to appreciate what makes possible a net yield to be fought for instead of a zero sum to be fought over.
Since then, a lot of us (me included) have started believing that we are returning to zero-sum economics (or even negative-sum economics).
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But currencies tend to be zero-sum games over time, and gold, arguably, is a lousy store of wealth.
It does not have to be a zero sum game.
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They can lose revenue when they switch passengers to other carriers, but this is a zero sum industry game, and they also take in fees from other airlines to carry their passengers.
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And this week he reiterated his opposition to taking the number of troops in Afghanistan down to a paltry sum, and said zero is out of the question for him.
"There is still a strong tendency in Northern Ireland to view politics as a zero sum game, in which there are only winners and losers, " Mr Cameron said.
And in an era of stagnant wages and global competition, opportunity comes to be seen as a zero sum game, in which your dreams come at my expense.
But this study offers a little elasticity to what can feel like a zero-sum situation.
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Rather than seeking to come out on top in zero-sum games, millennials strive for consensus.
"Eventually it will turn into a zero-sum game or a lot closer to that, " Jobs said of the smartphone market.
Why are people, politicians especially, inclined to see the global economy as a zero-sum game?
Venture capitalists, including Andreessen, are quick to point out their business is not a zero-sum game.
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This zero-sum mentality ignores the positive dynamism that comes from accountability to parents and teachers.
To move to the Collaborative stage, both groups need to understand and accept that their relationship is not a zero-sum game.
Since options is a zero-sum endeavor, it was the sellers who would seem to have the best odds of making money.
But in Northern Ireland politics is seen as a zero-sum game: if one side gains, it stands to reason that the other must have lost.
In contrast to the stock market, which over long periods offers positive returns linked to the growth in the economy, commodity trading is a zero-sum game.
We may not return specifically to mercantilist models, but whatever comes next will share the essential zero-sum feature.
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It is zero-sum in nature, i.e. it has little value to society.
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So, even if SAARC really comes together to deal with the effects of climate change while the big players in the region and elsewhere fail to cut down their emissions, experts say it will be a zero-sum game.
Fixing Sales and Marketing begins with dropping the classic definitions of what Sales and Marketing are suppose to do along with the internal tug-of-war associated the zero-sum game mentality.
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Since choosing to leave a 25-year litigation practice by starting a mediation career six years ago, I have spilled thousands of digital words and spoken to, trained and lectured thousands of men and women about the folly of zero-sum games.
One implication of the pie metaphor is that wealth is a zero-sum game: there is a fixed amount of houses, cars, medicines, etc. to go around, and the more Steve Jobs gets the less is left for the rest of us.
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