Interest-group competition and the organization of Congress: theory and evidence from financial services' political action committees
Article Abstract:
A positive theory of how interest-group competition shapes the organization of Congress and utilizes it to explain campaign contribution patterns in financial services is developed. It is argued that the modern committee system may yield a solution to a principal-agent dilemma between special-interest lobbies and legislators. Results derived from contribution patterns indicate that legislators desire the formation of specialized standing committees to help ease agency problems because of the inability to write direct fee-for-service contracts.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
The effects of logrolling on congressional voting
Article Abstract:
Research indicates that logrolling is a key factor in congressional voting behavior, but voting models do not take vote trading into consideration. A new model uses the correlation of unobserved variables to control for unobserved ideological interest and logrolling agreements. The results cast doubt on the influence of legislators' ideological interests and indicate that vote-trading coalitions occur in some cases.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Decision making in committees: transparency, reputation and voting rules
Article Abstract:
Group decision-making practices in committees based on career concerns are analyzed. Conformity is argued to transpire in voting rules, stating differences in transparency and secretive procedures.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The optimal organization of research: evidence from eight case studies of pharmaceutical firms. Moral hazard and optimal contract form for R&D cooperation
- Abstracts: Credit market imperfections and the separation of ownership from control
- Abstracts: John Elliot Cairnes and the 'rehabilitation' of the classical wage fund doctrine. Laws on long-term prices
- Abstracts: Anthropology and the new institutionalism. Economic and sociological institutionalism in organization theory: two sides of the same coin?
- Abstracts: An economic analysis of scrappage. The CEA: an inside voice for mainstream economics. Government analysis of the benefits and costs of regulation