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 language | English (US) |
|---|---|
| Pages (from-to) | 411-426 |
| Number of pages | 16 |
| Journal | Review of Industrial Organization |
| Volume | 17 |
| Issue number | 4 |
| DOIs | |
| State | Published - 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