Hostname: page-component-586b7cd67f-tf8b9 Total loading time: 0 Render date: 2024-12-03T19:02:17.389Z Has data issue: false hasContentIssue false
  • English
  • Français

Corporate PAC Campaign Contributions in Perspective

Published online by Cambridge University Press:  20 January 2017

Jeffrey Milyo ,
David Primo  and
Timothy Groseclose
Jeffrey Milyo*
Affiliation:
University of Chicago & Stanford University
David Primo
Affiliation:
University of Chicago & Stanford University
Timothy Groseclose
Affiliation:
University of Chicago & Stanford University
*
Harris Graduate School of Public Policy Studies, University of Chicago, Chicago, IL, USA. E-mail: [email protected]
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

There is a vast empirical literature on the allocation of corporate PAC contributions in Congressional elections and the influence that these contributions have on the policy-making process. The attention given to PAC contributions is far in excess of their actual importance. Corporate PAC contributions account for about 10% of Congressional campaign spending and major corporations allocate far more money to lobbying or philanthropy than their affiliated PACs make in contributions.

Type
Research Article
Information
Business and Politics , Volume 2 , Issue 1 , April 2000 , pp. 75 - 88
Copyright
Copyright © V.K. Aggarwal 2000 and published under exclusive license to Cambridge University Press 

References

Adat, Sean. 2000. Issue Advocacy Advertising During the Early 1999–2000 Election Cycle. Pennsylvania: Annenberg Public Policy Center of the University of Pennsylvania.Google Scholar
Anon. 1998. Soft Money: The Current Rules and the Case for Reform. Harvard Law Review 3(5): 1323–1340.Google Scholar
Austen-Smith, David. 1987. Interest Groups, Campaign Contributions, and Probabilistic Voting. Public Choice 54: 123–139.Google Scholar
Baron, David. 1989. Service-induced Campaign Contributions and The Electoral Equilibrium. Quarterly Journal of Economics 104: 45–72.Google Scholar
Bronars, Stephen G. and Lott, John R. 1998. Do Campaign Contributions Alter How a Politician Votes? Or, Do Donors Support Candidates Who Value the Same Things That They Do? Journal of Law and Economics 40: 317–350.Google Scholar
Calvert, Randall. 1989. Reciprocity Among Self-interested Actors: Uncertainty, Asymmetry and Distribution. In Models of Strategic Choice in Politics, edited by Ordeshook, Peter. Michigan: University of Michigan Press.Google Scholar
Chappell, Henry. 1982. Campaign Contributions and Congressional Voting: A Simultaneous Probit-Tobit Model. Review of Economics and Statistics 64: 77–83.Google Scholar
Dwyre, Diana. 1996. Spinning Soft Money Straw into Gold: Soft Money and US House Elections. Legislative Studies Quarterly 21(3): 409–424.Google Scholar
Gerber, Alan. 1998. Campaign Spending and Election Outcomes: Re-estimating the Effects of Campaign Spending. American Political Science Review 92(2): 401–411.Google Scholar
Grenzke, Janet. 1989. PACs in the Congressional Supermarket: The Currency is Complex. American Journal of Political Science 33: 1–24.CrossRefGoogle Scholar
Grier, Kevin and Munger, Michael. 1991a. Committee Assignments, Constituent Preferences, and Campaign Contributions to House Incumbents. Economic Inquiry 29: 24–43.Google Scholar
Grier, Kevin and Munger, Michael. 1991b. The Impact of Legislator Attributes on Interest Group Campaign Contributions. Journal of Labor Research 7: 349–361.CrossRefGoogle Scholar
Grier, Kevin, Munger, Michael and Roberts, Brian. 1994. The Determinants of Industry Political Activity. American Political Science Review 88(4): 911–926.Google Scholar
Hall, Richard and Wayman, Frank. 1990. Buying Time: Moneyed Interests and the Mobilization of Bias in Congressional Committees. American Political Science Review 84: 797–820.Google Scholar
Hunt, Al. 1999. To the Campaign Contributors Go the Tax-Cut Spoils. The Wall Street Journal 5 August: A19.Google Scholar
Jacobson, Gary C. 1999. The Effect of the AFL-CIO's ‘Voter Education’ Campaigns on the 1996 House Elections. Journal of Politics 61: 185–194.Google Scholar
Kroszner, Randall S. and Stratmann, Thomas. 1998. Interest Group Competition and the Organization of Congress: Theory and Evidence from Financial Services’ Political Action Committees. American Economic Review 88: 1163–1187.Google Scholar
Kroszner, Randall S. and Stratmann, Thomas. 2000. Does Political Ambiguity Pay? Corporate Campaign Contributions and the Rewards to Legislator Reputation. Working Paper 7475. Cambridge, MA: National Bureau of Economic Research.Google Scholar
Levitt, Steven. 1994. Using Repeat Challengers to Estimate the Effects of Campaign Spending on Election Outcomes in the US House. Journal of Political Economy 102: 777–798.Google Scholar
Levitt, Steven. 1995. Congressional Campaign Finance Reform. Journal of Economic Perspectives 9(1): 183–193.Google Scholar
Levitt, Steven. 1998. Are PACs Trying to Influence Politicians or Voters? Economics and Politics 10(1): 19–35.CrossRefGoogle Scholar
Makinson, Larry and Goldstein, Joshua. 1996. Open Secrets: The Encyclopedia of Congressional Money ani Politics, 4th edition. Washington, DC: Center for Responsive Politics.Google Scholar
McCarty, Nolan and Rothenberg, Lawrence. 1996. Commitment and the Campaign Contract. American Political Science Review 40: 872–904.Google Scholar
Milyo, Jeffrey. 1997a. The Economics of Political Campaign Finance: FECA and the Puzzle of the Not Very Greedy Grandfathers. Public Choice 93: 245–270.Google Scholar
Milyo, Jeffrey. 1997b. The Electoral and Financial Effects of Changes in Committee Power: GRH, TRA86 and the Money Committees in the US House. Journal of Law and Economics 40: 93–112.Google Scholar
Milyo, Jeffrey. 1997c. Money Walks: Why Campaign Contributions Aren't as Corrupting as You Think. Reason 29(3): 47–49.Google Scholar
Milyo, Jeffrey. 1998. The Electoral Effects of Campaign Spending in House Elections. California: Citizens’ Research Foundation.Google Scholar
Milyo, Jeffrey. 1999. The Political Economics of Campaign Finance. The Independent Review 3(4): 537–547.Google Scholar
Milyo, Jeffrey. 2001. What Do Candidates Maximize (and Why Should Anyone Care)? Public Choice (forthcoming).Google Scholar
Money and Politics Survey. 1997. Washington, DC: Center for Responsive Politics.Google Scholar
Moore, Stephen, Wolfe, Sidney, Lindes, Deborah and Douglas, Clifford. 1994. Epidemiology of Failed Tobacco Control Legislation. JAMA 272(15): 1171–1175.Google Scholar
Morris, Dwight and Gamache, Murielle. 1994. Handbook of Campaign Spending: Money in the 1992 Congressional Races. Washington, DC: Congressional Quarterly Press.Google Scholar
Morton, Rebecca and Cameron, Charles. 1992. Elections and the Theory of Campaign Contributions: A Survey and Critical Analysis. Economics and Politics 4: 79–108.Google Scholar
Ornstein, Norrman J., Mann, Thomas E. and Malbin, Michael J. 2000. Vital Statistics on Congress. Washington, DC: The AEI Press.Google Scholar
Romer, Thomas and Snyder, James. 1994. An Empirical Investigation of the Dynamics of PAC Contributions. American Journal of Political Science 38: 745–769.Google Scholar
Rudolph, Thomas J. 1999. Corporate and Labor PAC Contributions in House Elections: Measuring the Effects of Majority Party Status. Journal of Politics 61(1): 195–206.CrossRefGoogle Scholar
Snyder, James M. 1990. Campaign Contributions as Investments: the US House of Representatives 1980–1986. Journal of Political Economy 98: 1195–1227.Google Scholar
Snyder, James M. 1992. Long-Term Investing in Politicians; or, Give Early, Give Often. Journal of Law and Economics 35: 15–43.Google Scholar
Snyder, James M. 1993. The Market for Campaign Contributions: Evidence for the US Senate 1980–1986. Eco nomics and Politics 5(3): 219–240.Google Scholar
Sorauf, Frank J. 1992. Inside Campaign Finance: Myths and Realities. Connecticut: Yale University Press.Google Scholar
Stern, Phillip M. 1991. Best Congress Money Can Buy. New York: Pantheon Books.Google Scholar
Stern, Phillip M. 1992. Still The Best Congress Money Can Buy. Washington, DC: Regnery Gateway.Google Scholar
Stratmann, Thomas. 1992. Are Campaign Contributors Rational? Untangling Strategies of Political Action Committees. Journal of Political Economy 100: 647–664.Google Scholar
Stratmann, Thomas. 1995. Campaign Contributions and Congressional Voting: Does the Timing of Contributions Matter? Review of Economics and Statistics 72(1): 85–114.Google Scholar
Stratmann, Thomas. 1998. The Market for Congressional Votes: Is the Timing of Contributions Everything? Journal of Law and Economics 41: 85–114.Google Scholar
Wawro, Gregory. 2000. Legislative Entrepreneurship in the United States House of Representatives. Michigan: University of Michigan Press.Google Scholar
Wright, John. 1989. PAC Contributions, Lobbying and Representation. Journal of Politics 51: 713–729.Google Scholar