Averch-Johnson effect

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Etymology[edit]

Named after Harvey Averch and Leland L. Johnson who proposed the idea.

Noun[edit]

Averch-Johnson effect (plural Averch-Johnson effects)

  1. (economics) The tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits.

Further reading[edit]

Retrieved from "https://en.wiktionary.org/w/index.php?title=Averch-Johnson_effect&oldid=79205684"