Premium
Les rendements de la chasse aux rentes : contributions aux campagnes électorales, subventions aux entreprises, et l'Amendement Byrd .
Author(s) -
Liebman Benjamin H.,
Reynolds Kara M.
Publication year - 2006
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2006.00392.x
Subject(s) - subsidy , rent seeking , campaign finance , economics , business , public economics , law , political science , market economy , politics
This is the first empirical study to examine Congressional support of a new law that distributes antidumping duties to protected firms. Because the law produces a transparent measure of how much each firm was rewarded for its efforts to secure the bill's passage, it provides researchers with a unique opportunity to study the link between the expected financial returns to firms, campaign contributions, and Congressional behaviour. Our results indicate that campaign contributions from beneficiaries increased the likelihood that lawmakers would sponsor the law, while contributions from the law's beneficiaries increased with the rewards they expected to receive.