Market Structure and Political Influence, Economic Inquiry (January 1983)
This paper utilizes new data to evaluate the determinants of thc political influence of thirty-five manufacturing industries on the U.S. Congress during 1976-80. Several tneasures of itifluence serve to distillguish between political activity and success. Seller concentration and geopolitical dispersion increase both activity and success, but neither industry size nor leading-firm size proves significant. We test whether political expenditures facilitate obtaining the favors conferred on an industry by its market structure or by influence independent of that strurture; statistical inference strongly confirms both roles.
Date of Authorship for this Version
Esty, Daniel C. and Caves, Richard E., "Market Structure and Political Influence" (1983). Faculty Scholarship Series. Paper 455.