Corporate Political Activities and Oligopoly Welfare Loss

Corporate Political Activities and Oligopoly Welfare Loss Businesses participate in political activities, suchas campaign contributions and lobbying, to influencepublic policy formulation and implementation. Usinga sample of U.S. food manufacturing industries, thisstudy measures the welfare impact of corporatepolitical activities in those industries. Empiricalanalysis shows that rent seeking was imperfect andcorporate political activities were higher in thoseindustries that were highly concentrated, large inemployee size and sales, and deeper in debt. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Corporate Political Activities and Oligopoly Welfare Loss

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2000 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1007843812053
Publisher site
See Article on Publisher Site

Abstract

Businesses participate in political activities, suchas campaign contributions and lobbying, to influencepublic policy formulation and implementation. Usinga sample of U.S. food manufacturing industries, thisstudy measures the welfare impact of corporatepolitical activities in those industries. Empiricalanalysis shows that rent seeking was imperfect andcorporate political activities were higher in thoseindustries that were highly concentrated, large inemployee size and sales, and deeper in debt.

Journal

Review of Industrial OrganizationSpringer Journals

Published: Oct 8, 2004

References

  • Oligopoly Power in the Food and Tobacco Industries
    Bhuyan, S.; Lopez, R. A.
  • Market Structure and Political Influence: New Data on Political Expenditures, Activity, and Success
    Esty, D. C.; Caves, R. E.

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