Infatuation Rules
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What is gridlock risk?

In microeconomics, gridlock refers to the difficult situation of firms to invest in long-term and sustainable business, especially in a fiercely competitive industry where most firms focus on the short-term returns.

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This is an extended usage of word gridlock specifically in economics to describe the common situation that occurs in the competition within an industry or a company. The similar usage of gridlock can be seen in politics as well. See also gridlock (Politics). However, the term gridlock was first used in engineering as, "A state of severe road congestion arising when continuous queues of vehicles block an entire network of intersecting streets, bringing traffic in all directions to a complete standstill; a traffic jam of this kind."[1] In microeconomics, gridlock refers to the difficult situation of firms to invest in long-term and sustainable business, especially in a fiercely competitive industry where most firms focus on the short-term returns. It is very hard for any player to make move towards sustainable and health direction, since if one party initiates the long-term investment, which is not very profitable in the short-term, the other competitors can easily take advantage of the situation to outcompete that firm, and even drive that firm out of market. As a result, no party will take the risk to make a move. This phenomenon is also called first-mover disadvantage. In the end, the unhealthy situation of the industry can be hardly improved by the market leaders themselves. In the business as in traffic, when gridlock happens, an industry is unable to function at a healthy level, which can be highly problematic and costly. Not only in an industry, gridlock can also happen at company level. If there are several groups with conflicting interests exist within one company competing to gain the control and power, this can create a situation in which business transactions can not be completed until the problem is solved.[2] This kind of dilemma is also very often cited in game theory. If all the parties can cooperate, for example, companies can collaboratively invest in a sustainable way, the gridlock can be easily solved and the industry will function in a healthy way. But this is not happening because of the desire to maximize one's own benefit given the uncertainty about the others’ commitment to cooperation.

Solution [ edit ]

Naturally to solve this problem, it requires institutions within the industry or company to regulate rules and prevent the inefficient situation to happen. Thus institution plays a role of traffic lights or traffic police in the conjunction of business world. In the book Institutional Economics an introduction, professor John Groenewegen, Antoon Spithoven and Annette van den Berg explained approaches of analyzing this kind of situation and suggest the solutions to similar problems from institutional prospective. See also Institutional economics.

References [ edit ]

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What does breaking up with a narcissist look like?

Narcissists hate losing their supply, so they won't let you go easily. Prepare for them to promise "to change." They might suddenly start doing things for you that you'd been complaining about. They may say "you'll be lost without me," or "you'll never find someone like me." Don't listen, Orloff advises.

Breaking up with a narcissist is likely to be a draining experience.

Either they won't let you go without a fight, or they will discard you without looking back.

Both experiences are extremely hurtful.

Narcissists are highly skilled at making you feel as though you were the most important person in the world, only to tear it all away. It's important to remember that however much it hurts right now, you're better off without the toxic person in your life. Top editors give you the stories you want — delivered right to your inbox each weekday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy It is challenging and exhausting being romantically involved with a narcissist, but they can also cause havoc when they leave. Breakups are always hard, but when you've been in a relationship with someone who uses others and is obsessed with themselves, it can be even harder. On the surface, narcissists can seem charming, engaging and charismatic, which can make them difficult to leave in the first place. Dr Judith Orloff, a clinical psychiatrist at the University of California Los Angeles, wrote in a blog post on Psychology Today that narcissists can make you "fall in love with them so hard that it feels like you're giving up a part of your heart to leave them," because they're very good at becoming the centre of your universe while you're with them.

Here's what to expect if you break up with a narcissist.

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