Averch-Johnson effect
nounEtymology
Named after Harvey Averch and Leland L. Johnson who proposed the idea.
Definitions
The tendency of regulated companies to engage in excessive amounts of capital…
The tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits.
The neighborhood
Vish — recursive loop
No curated loop yet for Averch-Johnson effect. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA