Corporate political activities and oligopoly welfare loss

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20 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)411-426
Number of pages16
JournalReview of Industrial Organization
Volume17
Issue number4
DOIs
StatePublished - 2000

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation

Keywords

  • Food industries
  • Lobbying
  • Oligopoly
  • Rent seeking
  • Welfare loss

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