Saving, Jason (1994) Human Capital and Legislative Outcomes. Social Science Working Paper, 889. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20170822-144456865
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Abstract
This paper presents a model in which legislators use informational advantages to engage in rent-seeking activities. Previous work that postulated either informational asymmetries or rent-seeking behavior could not explain deviations from the median preference without reference to "committee power." Integration of these forces demonstrates that legislative outcomes need not correspond to the median preference regardless of the extent to which "committee power" is present in a legislature. In general, both procedural and informational asymmetries can induce deviations in legislative outcomes.
Item Type: | Report or Paper (Working Paper) |
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Additional Information: | I would like to thank Mike Alvarez, Rod Kiewiet, Morgan Kousser and Tom Palfrey for helpful comments and suggestions. Any remaining errors are my own. |
Group: | Social Science Working Papers |
Subject Keywords: | human capital, rent-seeking, informational asymmetries, legislature, institutions |
Series Name: | Social Science Working Paper |
Issue or Number: | 889 |
Classification Code: | JEL: D72 |
Record Number: | CaltechAUTHORS:20170822-144456865 |
Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20170822-144456865 |
Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. |
ID Code: | 80694 |
Collection: | CaltechAUTHORS |
Deposited By: | Jacquelyn Bussone |
Deposited On: | 23 Aug 2017 18:07 |
Last Modified: | 03 Oct 2019 18:34 |
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