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

SEI-ICHI KATAYAMA KAZUHIRO OHTANI TOSHIHISA TOYODA

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.38, no.2, pp.148-158, 1987-06-20 (Released:2008-02-28)

参考文献数

11