The ratchet effect is a phenomenon induced in conflict between entruster and agent who pursue different objectives in the entrustment-agency relation.

棘轮效应是委托代理关系中委托人与代理人追求目标发生冲突时产生的一种现象。

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Switching between the two games seemed to create a ratchet-like effect.

在两个游戏中切换似乎产生了类似棘轮的效应。

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In the meantime, the "dual ratchet effect" of consumer demand and price level triggers stable rise in real consumer demand, and the "wealth effect" strengthens the trend.

同时，消费需求与物价水平的“双棘轮效应”促使实际消费需求稳步增长，“财富效应”强化了消费需求增长趋势。

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This created a ratchet effect: lawmakers who wish to sound tough must propose laws tougher than the ones that the last chap who wanted to sound tough proposed.

ECONOMIST: Crime and punishment in America