If You’re Not a Cynic Yet, this Might Help…

18 March 2011 at 11:33 am 2 comments

| Lasse Lien |

Revolving Door Lobbyists
Jordi Blanes i Vidal, Mirko Draca, Christian Fons-Rosen.

Abstract: Washington’s “revolving door” — the movement from government service into the lobbying industry — is regarded as a major concern for policy-making. We study how ex-government staffers benefit from the personal connections acquired during their public service. Lobbyists with experience in the office of a US Senator suffer a 24% drop in generated revenue when that Senator leaves office. The effect is immediate, discontinuous around the exit period and long-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the seniority of and committee assignments power held by the exiting politician.

By See the full paper here.

Entry filed under: - Lien -, Papers, Public Policy / Political Economy.

Paper Titles I Wish I’d Written Coasian or Coasean?

2 Comments Add your own

  • 1. Rafe’s Roundup March 19 at Catallaxy Files  |  18 March 2011 at 10:15 pm

    […]  Revolving door lobbyists. The dollar  value of working with a US senator. […]

  • 2. Michael Marotta  |  21 March 2011 at 4:59 pm

    In particular, we study how the
    lobbying revenue of congressional staffers turned lobbyists depends on the power of the congressional
    politicians for whom they have worked in the past.,

    Certainly, this is one subset of lobbyist and it makes sense that selection would reward those representatives and senators whose staffers were most effective. That in turn allows them to hire better help or reward those who made their success possible.

    Lobbying — being a lobbyist yourself or hiring one — is everyone’s right. I often told my classmates that (depending on the class size) for $5 or $20 each right now, we could hire an hour of a lobbyist’s time to take our message to the person of our choice. In one class, another student was also an office holder and he chimed in “… an hour and a half in this market.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts


Former Guests | posts


Recent Posts



Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

%d bloggers like this: