著者

MAKOTO TAWADA SEI-ICHI KATAYAMA

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.41, no.1, pp.34-47, 1990-03-20 (Released:2008-02-28)

参考文献数

16

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This paper gives an empirical examination of efficiency of the regulated firm. Rate of return regulation is a typical feature of the public utility environment. The theoretical analysis by Averch-Johnson showed the existence of a regulatory bias toward overcapitalization. We reexamine and elaborate the method of the empirical test for the Averch-Johnson proposition. And we apply it to the Japanese electric power industry. We showed that the Averch-Johnson proposition was not necessarily confirmed and the production in the Japanese electric power industry was efficient for some period in spite of regulation.

著者

KENZO ABE MAKOTO TAWADA

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.39, no.3, pp.233-245, 1988-09-20 (Released:2007-10-19)

参考文献数

14