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Publication year
Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process
Resource type
Authors/contributors
- Bertrand, Marianne (Author)
- Bombardini, Matilde (Author)
- Trebbi, Francesco (Author)
Title
Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process
Abstract
Do lobbyists provide issue-specific information to members ofCongress? Or do they provide special interests access to politicians?We present evidence to assess the role of issue expertise versus connections in the US Federal lobbying process and illustrate how bothare at work. In support of the connections view, we show that lobbyistsfollow politicians they were initially connected to when thosepoliticians switch to new committee assignments. In support of theexpertise view, we show that there is a group of experts that evenpoliticians of opposite political affiliation listen to. However, we finda more consistent monetary premium for connections than expertise.(JEL D72, D82)
Publication
American Economic Review
Volume
104
Issue
12
Pages
3885-3920
Date
2014-12
Citation
Bertrand, M., Bombardini, M., & Trebbi, F. (2014). Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process. American Economic Review, 104, 3885–3920.
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