Is Talk Cheap?
For the steel import quota bill of 1999, each word in the Congressional Record costs $39 in campaign contributions from the steel industry. Consequently, our answer is "Yes, talk is cheap!"
Volume (Year): 5 (2002)
Issue (Month): 3 ()
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- William Kaempfer & Thomas Willett, 1989. "Combining rent-seeking and public choice theory in the analysis of tariffs versus quotas," Public Choice, Springer, vol. 63(1), pages 79-86, October.
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- William H. Kaempfer & Stephen V. Marks, 1993. "The Expected Effects of Trade Liberalisation: Evidence from US Congressional Action on Fast-Track Authority," The World Economy, Wiley Blackwell, vol. 16(6), pages 725-740, November.
- Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
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