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Political Influence and Regulatory Policy: The 1984 Drug Legislation

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  • Olson, Mary K

Abstract

This paper applies a positive theory of legislation to explain the development of the 1984 Drug Price Competition Act and the Patent Term Restoration Act. Specifically, it examines why regulatory reforms prior to 1984 were stalemated and why the 1984 legislation was enacted. Results show that, prior to 1984, members of the key congressional committees had preferences in which the proposed bills could not beat the status quo. However, changes in subcommittee membership in the House combined with a change in the majority party in the Senate created a situation in which the 1984 legislation could defeat the status quo. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Olson, Mary K, 1994. "Political Influence and Regulatory Policy: The 1984 Drug Legislation," Economic Inquiry, Western Economic Association International, vol. 32(3), pages 363-382, July.
    • Handle: RePEc:oup:ecinqu:v:32:y:1994:i:3:p:363-82
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    Cited by:

    1. Kanol Direnç, 2015. "Social influence, competition and the act of lobbying," Business and Politics, De Gruyter, vol. 17(1), pages 75-96, April.

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