Interest Group Competition and the Organization of Congress: Theory and Evidence from Financial Services' Political Action Committees
The authors develop a positive theory of how interest-group competition shapes the organization of Congress and use it to explain campaign contribution patterns in financial services. Since interest groups cannot enforce fee-for-service contracts with legislators, legislators have an incentive to create specialized, standing committees which foster repeated dealing between interests and committee members. The resulting reputational equilibrium supports high contributions and high legislative effort for the interests. Contribution patterns by competing interests in the congressional battle over whether banks can enter new businesses support the theory, which also has implications for term limits and campaign reform. Copyright 1998 by American Economic Association.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||Dec 1998|
|Date of revision:|
|Contact details of provider:|| Postal: 725 South Wells Street, Suite 800, Chicago, Illinois 60607-4501|
Web page: http://gsbwww.uchicago.edu/fac/finance/papers/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wop:chispw:349. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.