The Dynamics of Firm Lobbying-Reference-Cited by-同舟云学术

The Dynamics of Firm Lobbying

Published:2014-11-01 Issue:4 Volume:6 Page:343-379
ISSN:1945-7731
Container-title:American Economic Journal: Economic Policy
language:en
Short-container-title:American Economic Journal: Economic Policy

Author:

Kerr William R.¹,Lincoln William F.²,Mishra Prachi³

Affiliation:

1. Harvard Business School, Rock Center 212, Boston, MA 02163 and National Bureau of Economic Research (NBER) (e-mail: )

2. The Paul H. Nitze School of Advanced International Studies, The Johns Hopkins University, 1717 Massachusetts Ave NW, Suite 708, Washington, DC 20036 (e-mail: )

3. Monetary and Capital Markets Department, International Monetary Fund, 700 19th Street NW, Washington, DC 20431 (e-mail: ).

Abstract

How is economic policy made? In this paper we study a key determinant of the answer to the question: lobbying by firms. Estimating a binary choice model of firm behavior, we find significant evidence for the idea that barriers to entry induce persistence in lobbying. The existence of these costs is further confirmed in studying how firms responded to a particular policy change: the expiration of legislation relating to the H-1B visa. Due to its influence on firm behavior, we argue that this persistence fundamentally changes the environment in which legislation is made. (JEL D22, D72, D78, L21)

Publisher

American Economic Association

Subject

General Economics, Econometrics and Finance

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/pol.6.4.343

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