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ratchet effect

Meaning of "ratchet effect" in the English dictionary

DICTIONARY

PRONUNCIATION OF RATCHET EFFECT

ratchet effect


GRAMMATICAL CATEGORY OF RATCHET EFFECT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Ratchet effect is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES RATCHET EFFECT MEAN IN ENGLISH?

Ratchet effect

A ratchet effect is an instance of the restrained ability of human processes to be reversed once a specific thing has happened, analogous with the mechanical ratchet that holds the spring tight as a clock is wound up. It is related to the phenomena of featuritis and scope creep in the manufacture of various consumer goods, and of mission creep in military planning. Ratchet effect in sociology: "Ratchet effects refer to the tendency for central controllers to base next year's targets on last year's performance, meaning that managers who expect still to be in place in the next target period have a perverse incentive not to exceed targets even if they could easily do".

Definition of ratchet effect in the English dictionary

The definition of ratchet effect in the dictionary is an effect that occurs when a price or wage increases as a result of temporary pressure but fails to fall back when the pressure is removed.

WORDS THAT BEGIN LIKE RATCHET EFFECT

ratan · Ratana · ratany · rataplan · ratatouille · ratbag · ratbaggery · ratbite disease · ratbite fever · ratchet · ratchet wheel · rate · rate collector · rate of exchange · rate of flow · rate of growth · rate of return · rate rebate · rate-cap · rate-capped

WORDS THAT END LIKE RATCHET EFFECT

affect · butterfly effect · domino effect · effect · greenhouse effect · ground effect · Hall effect · halo effect · in effect · knock-on effect · law of effect · multiplier effect · perfect · photoelectric effect · placebo effect · ripple effect · side effect · skin effect · sound effect · take effect · toxic effect

Synonyms and antonyms of ratchet effect in the English dictionary of synonyms

SYNONYMS

Translation of «ratchet effect» into 25 languages

TRANSLATOR

TRANSLATION OF RATCHET EFFECT

Find out the translation of ratchet effect to 25 languages with our English multilingual translator.

The translations of ratchet effect from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «ratchet effect» in English.
zh

Translator English - Chinese

棘轮效应
1,325 millions of speakers
es

Translator English - Spanish

efecto de trinquete
570 millions of speakers
en

English

ratchet effect
510 millions of speakers
hi

Translator English - Hindi

शाफ़्ट प्रभाव
380 millions of speakers
ar

Translator English - Arabic

تأثير اسئلة
280 millions of speakers
ru

Translator English - Russian

эффект храповика
278 millions of speakers
pt

Translator English - Portuguese

efeito catraca
270 millions of speakers
bn

Translator English - Bengali

র্যাচিট প্রভাব
260 millions of speakers
fr

Translator English - French

effet de cliquet
220 millions of speakers
ms

Translator English - Malay

Kesan ratchet
190 millions of speakers
de

Translator English - German

Ratscheneffekt
180 millions of speakers
ja

Translator English - Japanese

ラチェット効果
130 millions of speakers
ko

Translator English - Korean

래칫 효과
85 millions of speakers
jv

Translator English - Javanese

Efek raksasa
85 millions of speakers
vi

Translator English - Vietnamese

ratchet hiệu lực
80 millions of speakers
ta

Translator English - Tamil

கசிவு விளைவு
75 millions of speakers
mr

Translator English - Marathi

शार्क परिणाम
75 millions of speakers
tr

Translator English - Turkish

Mandal etkisi
70 millions of speakers
it

Translator English - Italian

effetto ratchet
65 millions of speakers
pl

Translator English - Polish

efekt zapadki
50 millions of speakers
uk

Translator English - Ukrainian

ефект храповика
40 millions of speakers
ro

Translator English - Romanian

efect clichet
30 millions of speakers
el

Translator English - Greek

καστάνια αποτέλεσμα
15 millions of speakers
af

Translator English - Afrikaans

ratel effek
14 millions of speakers
sv

Translator English - Swedish

spärreffekt
10 millions of speakers
no

Translator English - Norwegian

skralle effekt
5 millions of speakers

Trends of use of ratchet effect

TRENDS

TENDENCIES OF USE OF THE TERM «RATCHET EFFECT»

Principal search tendencies and common uses of ratchet effect
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «ratchet effect».

Examples of use in the English literature, quotes and news about ratchet effect

EXAMPLES

10 ENGLISH BOOKS RELATING TO «RATCHET EFFECT»

Discover the use of ratchet effect in the following bibliographical selection. Books relating to ratchet effect and brief extracts from same to provide context of its use in English literature.
1
The Nature of the Farm: Contracts, Risk, and Organization in ...
Kanemoto and MacLeod ( I 992) show how competition from older workers can ameliorate the ratchet effect under some circumstances. 4. The landowner is made better off from the new knowledge; hence, the fixed side payment made by the ...
Douglas W. Allen, Dean Lueck, 2004
2
Transition and Economics: Politics, Markets, and Firms
Focusing on the pooling equilibrium in the socialist economy before transition seems reasonable, as pooling can be seen as a plausible characterization of managers in an economy where the ratchet effect is a pervasive phenomenon, ...
Gérard Roland, 2000
3
Macroeconomics, 3E
The Ratchet Effect in Consumption Behaviour The ratchet effect arises due to households' resistance against the fall in consumption following a decrease in income. Duesenberry argues that when absolute income increases, absolute ...
Dwivedi, 2010
4
A Theory of Incentives in Procurement and Regulation
Second, and the object of this chapter, the regulated firm might be concerned about the "ratchet effect": If it produces at a low cost today, the regulator might infer that low costs are not that hard to achieve and tomorrow offer a demanding ...
Jean-Jacques Laffont, 1993
5
Marine Conservation Biology: The Science of Maintaining the ...
Data from world fisheries indicate approximately 30 percent of them are overfished (Garcia and Newton 1997). While details vary, a general explanation for the relatively high number of overfished stocks is the ratchet effect: the unidirectional ...
Michael E. Soulé, Elliott A. Norse, Larry B. Crowder, 2005
6
Against Prediction: Profiling, Policing, and Punishing in an ...
ing-group, right? Yes. Naturally. But then the proper question is, at what cost? Any analysis here calls for cost-benefit weighing. And in answering this question, we tend to overlook one cost. I call it the “ratchet effect,” and it takes center stage in ...
Bernard E. Harcourt, 2008
7
Privatization: Successes and Failures
1993), Hart and Tirole (1988), and Litwack (1993) model the ratchet effect in the framework of contract theory. Roland and Sekkat (2000) show that the ratchet effect will be prevalent when public sector managers do not have outside options  ...
Gérard Roland, 2013
8
Principles of Home Inspection: Exteriors
Exteriors Carson Dunlop. FIGURE 18.5 Drainage Is Important Drain holes - OR Drainage tile _ Native soil Draining backfill (gravel) Geotexlile fabric CAUSES So /7 and Water Pressure Ratchet Effect ...
Carson Dunlop, 2003
9
Macroeconomics Management
(i) Ratchet Effect: Duesenberry holds that consumption is a function of previous peak level of income. When income falls consumers try hard to maintain their consumption expenditure at higher level previously reached. They may do so ...
TR Jain
10
Life and Death Of Coral Reefs
"Ratchet Effect" f rom Population Growth In developed countries, a rich harvest in good years encourages additional investment in equipment in order to increase the volume of catch for increased profit. The commitments and investments ...
Charles Birkeland, 1997

10 NEWS ITEMS WHICH INCLUDE THE TERM «RATCHET EFFECT»

Find out what the national and international press are talking about and how the term ratchet effect is used in the context of the following news items.
1
Uber, Airbnb And The Conflict Between Policy's Ratchet Effect And …
These conflicts aren't necessarily about what Uber or Airbnb are today. They are about what these companies are under pressure to become, given their ... «TechCrunch, Jul 15»
2
The Irony of Hungary's Border Wall
What initially could be interpreted as a tightening of security spurred by 9/11 proved to be a ratchet effect produced by the reaction against fast-paced ... «Bloomberg View, Jun 15»
3
Jack Bogle: 'Investors first' is slowly taking hold in finance
... “not paid based on performance” but by boards who want to ensure their CEOs do “as well as their peers,” he says, which creates “an obvious ratchet effect.”. «Fortune, Jun 15»
4
Is housing the answer to the riddle of inequality?
A permanent upward ratchet effect sets in, driving inequality ever upward. But Piketty's logic only holds if it's pretty easy for employers to substitute capital for ... «The Week Magazine, Mar 15»
5
Has Anyone Done More To Undermine Free Markets Than Lee …
Harland and Wolff enjoyed no such support and suffered a ratchet effect of redundancies in every downturn. Basically it was sacrificed on the bonfire of ... «Forbes, Mar 15»
6
A prize for Jean Tirole
The “ratchet effect” whereby a regulator may force a regulated firm to part with ever increasing amounts of the firm's surplus to the point it is extinguished ... «Livemint, Oct 14»
7
Learning Determines Choice OR What I Did During My Spring …
The term for how a culture retains its past and effectively passes it to future generations is called the ratchet effect. This, Tomasello (1999) bravely typed, is also ... «PLoS Blogs, May 14»
8
Obamacare and the Ratchet-Effect Myth
For all the acrimony in Washington over Obamacare, there's an intriguing consensus around one issue: the ratchet effect. Neither side uses the term, but both the ... «National Review Online, Oct 13»
9
Jonah Goldberg: Excuse me? GOP to blame for ObamaCare?
Conservatives fear the "ratchet effect," a term coined by the great libertarian economic historian Robert Higgs. Once government expands, goes the theory, ... «USA TODAY, Aug 13»
10
With Gulliver Asleep, The Lilliputians Are Almost Done Smothering …
In his insightful economic history, Crisis and Leviathan, economist Robert Higgs detailed the “ratchet effect,” whereby federal spending soared during national ... «Forbes, Jun 13»
REFERENCE
« EDUCALINGO. Ratchet effect [online]. Available <https://educalingo.com/en/dic-en/ratchet-effect>. Apr 2024 ».
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