Interactive Glossary

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Zero sum game:
One that exactly balances gains by one player with losses by other players. The term could be used to characterize a situation where the regulatory rule does not create new cost savings or improve customer valuations of the product. Rather, the rule (or pricing decision) only redistributes the existing net benefits between the producer and consumers. One party is better off and the other is worse off by the same dollar amount.
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Previously viewed words:

Yardstick regulation
X-inefficiency
X-factor
X-axis
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Vickery auction
Vertical integration
Vertical Separation