Industry Income and Congressional Regulatory Legislation: Interest Groups vs. Median Voter
AbstractInterest group theories of regulation suggest that industries will be able to gain political benefits at the expense of the larger, but disorganized and disinterested, general public. However, casual observation indicates that industries are often the targets of costly legislation. The authors examine how the political influence and vulnerability of industries are affected by industry income. Results show wealthy industries are more likely to be subject to costly legislation, whereas no relationship was found between industry income and the granting of political benefits. They interpret these results as supportive of both interest group and median voter models of the political process. Copyright 1992 by Oxford University Press.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 30 (1992)
Issue (Month): 1 (January)
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- Karl Widerquist, 2000.
"The Public Commodities Problem,"
- Potters, J.J.M. & Sloof, R., 1996.
"Interest groups: A survey of empirical models that try to assess their influence,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-73373, Tilburg University.
- Potters, Jan & Sloof, Randolph, 1996. "Interest groups: A survey of empirical models that try to assess their influence," European Journal of Political Economy, Elsevier, vol. 12(3), pages 403-442, November.
- Cahan, Steven F., 1996. "Political use of income: Some experimental evidence from Capitol Hill," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 25(1), pages 69-87.
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