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Is Talk Cheap?

Author

Listed:
  • Ryan Gibbs
  • Omer Gokcekus
  • Edward Tower

Abstract

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!"

Suggested Citation

  • Ryan Gibbs & Omer Gokcekus & Edward Tower, 2002. "Is Talk Cheap?," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(3), pages 127-131.
  • Handle: RePEc:taf:jpolrf:v:5:y:2002:i:3:p:127-131
    DOI: 10.1080/1384128021000066071
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Kaempfer, William H. & Tower, Edward & Willett, Thomas D., 2002. "Trade Protectionism," Working Papers 02-20, Duke University, Department of Economics.
    4. 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.
    5. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, Oxford University Press, vol. 98(3), pages 371-400.
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    Cited by:

    1. Rajiv Krishnan Kozhikode, 2016. "Dormancy as a Strategic Response to Detrimental Public Policy," Organization Science, INFORMS, vol. 27(1), pages 189-206, February.

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