Corporate political activities and oligopoly welfare loss

被引:22
作者
Bhuyan, S [1 ]
机构
[1] Rutgers State Univ, Dept Agr Food & Resource Econ, New Brunswick, NJ 08901 USA
关键词
food industries; lobbying; oligopoly; rent seeking; welfare loss;
D O I
10.1023/A:1007843812053
中图分类号
F [经济];
学科分类号
02 ;
摘要
Businesses participate in political activities, such as campaign contributions and lobbying, to influence public policy formulation and implementation. Using a sample of U.S. food manufacturing industries, this study measures the welfare impact of corporate political activities in those industries. Empirical analysis shows that rent seeking was imperfect and corporate political activities were higher in those industries that were highly concentrated, large in employee size and sales, and deeper in debt.
引用
收藏
页码:411 / 426
页数:16
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