One of the central concerns about American policy-making institutions is the degree to which political outcomes can be influenced by interested parties. While the literature on interest group strategies in particular institutions - legislative, administrative, and legal - is extensive, there is...

One of the central concerns about American policy-making institutions is the degree to which political outcomes can be influenced by interested parties. While the literature on interest group strategies in particular institutions - legislative, administrative, and legal is extensive, there is...

To what extent can market participants affect the outcomes of regulatory policy? In this paper, we study the effects of one potential source of influence - campaign contributions - from competing interests in the local telecommunications industry, on regulatory policy decisions of state public...

How are constitutional rules sustained? We investigate this problem in the context of how the institutions of federalism are sustained. As Riker (1964) emphasizes, a central design problem of federalism is how to create institutions that at once grant the central government enough authority to...

One of the most important developments in theories of American bureaucracy has been the claim that organizational procedures enacted by public officials have a significant impact on the nature of both bureaucratic control and performance. This development has been accompanied, however, by...

Regulatory outcomes can vary substantially from one US state to the next. For example, at the end of 2002 regulated prices for access to the local loops of incumbent telephone networks varied from $2.79 per month in downtown Chicago, IL to $7.70 in Manhattan, NY to $12.14 in Houston, TX....

This paper studies inherited agglomeration effects, how human capital that accrues to managers while working at a parent firm in an industry hub can be subsequently transferred to a spinoff. We test for inherited agglomeration effects in the context of the hedge fund industry and find that hedge...