Concepedia

Averch-johnson Effect

The Averch-Johnson Effect is a theoretical phenomenon in public sector pricing that describes the incentive for regulated firms to engage in excessive capital accumulation, or "overinvestment," beyond the socially optimal level, as a result of rate-of-return regulation creating a preference for higher capital intensity to increase permitted profits.

30

Publications

4.8K

Citations

41

Authors

7

Institutions

Publications per year

2017–2026

1

Variants

A-j Effect

Parents

Publications

30

BEHAVIOR OF THE FIRM UNDER REGULATORY CONSTRAINT

Harvey A. Averch, Leland L. Johnson · American Economic Review · 2016 · 1.3K citations

, , +14

Durable-Goods Monopolists

Jeremy Bulow · Journal of Political Economy · 1982 · 933 citations

, , +11

Behavior of the Firm Under Regulatory Constraint

Akira Takayama · American Economic Review · 2016 · 678 citations

, , +14

Input Choices and Rate-of-Return Regulation: An Overview of the Discussion

William J. Baumöl, Alvin K. Klevorick · The Bell Journal of Economics and Management Science · 1970 · 346 citations

, , +14

Rate of Return Regulation and Efficiency in Production: An Empirical Test of the Averch-Johnson Thesis

Robert M. Spann · The Bell Journal of Economics and Management Science · 1974 · 151 citations

, , +16

1–5 of 30

Authors

41

  1. MA
    Michael A. Crew

    Rutgers, The State University of New Jersey, United States

    2 publications · 142 citations

    2

    h-index

  2. EE
    Elizabeth E. Bailey

    Stanford University, United States

    2 publications · 147 citations

    2

    h-index

  3. SE
    Scott E. Atkinson

    University of Georgia, United States

    2 publications · 145 citations

    2

    h-index

  4. AK
    Alvin K. Klevorick

    Yale University, United States

    2 publications · 423 citations

    2

    h-index

  5. PR
    Paul R. Kleindorfer

    University of Pennsylvania, United States

    2 publications · 142 citations

    2

    h-index

1–5 of 41

Institutions

7

  1. Arizona State University

    Tempe, United States

    1 h-index

    1 publications

    101 citations

  2. Utah State University

    Logan, United States

    1 h-index

    1 publications

    120 citations

  3. Aalto University

    Espoo, Finland

    1 h-index

    2 publications

    32 citations

  4. State University of New York

    Albany, United States

    1 h-index

    1 publications

    43 citations

  5. University of Virginia

    Charlottesville, United States

    1 h-index

    1 publications

    33 citations

  6. Mount Allison University

    Sackville, Canada

    1 h-index

    1 publications

    12 citations

  7. University at Buffalo, State University of New York

    Buffalo, United States

    1 h-index

    1 publications

    44 citations

1–7 of 7

Venues

  1. 9

    h-index

  2. American Economic Review

    4 publications · 2.1K citations

    4

    h-index

  3. Southern Economic Journal

    3 publications · 54 citations

    3

    h-index

  4. The Review of Economics and Statistics

    2 publications · 184 citations

    2

    h-index

  5. Journal of Political Economy

    JPE · 2 publications · 959 citations

    2

    h-index

1–5