Published March 10, 2023 | Version v1
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THE MARKET FOR LEGISLATIVE VOTES: EVIDENCE FROM THE 113TH UNITED STATES CONGRESS

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Abstract: In this paper, we examine the extent to which political donations and contributions influence the behavior of legislators. The role money plays in shaping political decisions has been a prominent issue in America for decades.  We rely on insights from Public Choice theorists in construing a potential “market for legislation” where special interest groups act as demanders of legislative outcomes and legislators act as suppliers of same. We employ a theoretical framework used to interpret the voting behavior of policymakers within this context. Then, using voting records from the 113th United States Congress (2013-2014) and a variety of statistical proxies to account for the factors expected to influence a legislator’s voting behavior, we develop a number of empirical specifications and find that $1 million in political contributions by special interest groups can increase the likelihood of a legislator voting against a bill by approximately 8 percentage points.

Keywords: political donations, “market for legislation”, policymakers, political contributions.

Title: THE MARKET FOR LEGISLATIVE VOTES:  EVIDENCE FROM THE 113TH UNITED STATES CONGRESS

Author: William L. Davis, Brian Towell

International Journal of Social Science and Humanities Research 

ISSN 2348-3156 (Print), ISSN 2348-3164 (online)

Vol. 11, Issue 1, January 2023 - March 2023

Page No: 215-220

Research Publish Journals

Website: www.researchpublish.com

Published Date: 10-March-2023

DOI: https://doi.org/10.5281/zenodo.7714983

Paper Download Link (Source)

https://www.researchpublish.com/papers/the-market-for-legislative-votes--evidence-from-the-113th-united-states-congress

Notes

International Journal of Social Science and Humanities Research, ISSN 2348-3156 (Print), ISSN 2348-3164 (online), Research Publish Journals, Website: www.researchpublish.com

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Journal article: https://www.researchpublish.com/papers/the-market-for-legislative-votes--evidence-from-the-113th-united-states-congress (URL)
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Journal article: 2348-3156 (ISSN)
Journal article: 2348-3164 (ISSN)