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Averch–Johnson effect : ウィキペディア英語版 | Averch–Johnson effect
The Averch–Johnson effect is the tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits. If companies' profits to capital ratio is regulated at a certain percentage then there is a strong incentive for companies to over-invest in order to increase profits overall. This investment goes beyond any optimal efficiency point for capital that the company may have calculated as higher profit is almost always desired over and above efficiency. Excessive capital accumulation under rate of return regulation is informally known as 'gold plating'. ==See also==
*Rate-of-return regulation
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Averch–Johnson effect」の詳細全文を読む
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