Article
Is Talk Cheap? Buying Congressional Testimony with Campaign Contributions
Journal of Economic Policy Reform
(2002)
Abstract
For the steel import quota bill of 1999, each word in the Congressional Record costs $39 in campaign contributions from the steel industry. Consequently, our answer is "Yes, talk is cheap!"
Keywords
- Lobbying,
- Cheap Talk,
- Rent Seeking,
- Campaign Contributions,
- Protectionism
Disciplines
Publication Date
2002
DOI
10.1080/1384128021000066071
Citation Information
Omer Gokcekus, Ryan Gibbs and Edward Tower. "Is Talk Cheap? Buying Congressional Testimony with Campaign Contributions" Journal of Economic Policy Reform Vol. 5 Iss. 3 (2002) p. 127 - 131 Available at: http://works.bepress.com/omer_gokcekus/16/