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来源类型Working Paper
规范类型报告
DOI10.3386/w16437
来源IDWorking Paper 16437
Friends in High Places
Lauren Cohen; Christopher Malloy
发表日期2010-10-06
出版年2010
语种英语
摘要We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For the former, we estimate sharp measures that control for common characteristics of the network, as well as heterogeneous impacts of a common network characteristic across votes. For common seat locations, we identify a set of plausibly exogenously assigned seats (Freshman Senators), and find a strong impact of seat location networks on voting. We find that the effect of alumni networks is close to 60% of the size of the effect of state-level considerations. The network effects we identify are stronger for more tightly linked networks, and at times when votes are most valuable.
主题Microeconomics ; Economics of Information ; Financial Economics ; Financial Markets ; Corporate Finance ; Other ; Economic Systems
URLhttps://www.nber.org/papers/w16437
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574112
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Lauren Cohen,Christopher Malloy. Friends in High Places. 2010.
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