Policy Influence and Private Returns from Lobbying in the Energy Sector

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Policy Influence and Private Returns from Lobbying in the Energy Sector

Firms lobby the U.S. Congress to in uence policy-making. This paper quanti es the extent to which lobbying expenditures a ect policy enactment. First, I construct a novel dataset comprised of federal energy legislation and lobbying activities by the energy sector during the 110th Congress. Second, I develop and estimate a gametheoretic model where heterogeneous players choose lobbying expenditu...

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Policy In uence and Private Returns from Lobbying in the Energy Sector

In this paper, I quantify the extent to which lobbying expenditures by rms a ect policy enactment. To achieve this end, I construct a novel dataset containing all federal energy legislation and lobbying activities by the energy sector during the 110th Congress. I then develop and estimate a game-theoretic model where heterogeneous players choose lobbying expenditures to a ect the probability th...

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Firms systematically lobby the U.S. Congress to in uence policy-making. To what extent do lobbying expenditures a ect the probability that a policy is enacted? What are the private returns from lobbying expenditures? To answer these questions, I construct a novel dataset comprised of federal energy legislation and lobbying activities by the energy sector during the 110th Congress (2007 2008). A...

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In this paper, we statistically estimate the returns to lobbying by universities. We develop a simple theoretical model of university lobbying for academic earmarks to motivate our empirical work. We first show that universities that are represented by a House Appropriations Committee (HAC) or Senate Appropriations Committee (SAC) member spend more on lobbying. Next, in a later instrumental var...

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ژورنال

عنوان ژورنال: The Review of Economic Studies

سال: 2015

ISSN: 0034-6527,1467-937X

DOI: 10.1093/restud/rdv029