In this paper, we argue that campaign contributions are not a form of policy-buying, but are rather a form of political participation and consumption. We summarize the data on campaign spending, and show through our descriptive statistics and our econometric analysis that individuals, not...

We study an under-utilized source of data on legislative effectiveness, and exploit its panel structure to uncover several interesting patterns. We find that effectiveness rises sharply with tenure, at least for the first few terms even after controlling for legislators institutional positions,...