CORPORATE PAC CONTRIBUTIONS AND RENT PROVISION IN SENATE ELECTIONS

When interactions across multiple markets are considered simultaneousl y, some evidence suggests pollution control costs contributed to reduc ing long-term productivity growth. This study examines the effect of e nvironmental compliance costs, constituency influences, and incumbent attributes on corporate PAC contributions from those manufacturing ind ustries which have substantial costs and consequently have a rational self-interest in providing differential rents to Senate incumbents to implicitly influence regulatory policy. The authors find that corporat ions have relatively precise targeting strategies for offering financi al support to incumbent senators. However, these strategies are noneth eless distinct from those strategies pursued by this set of corporate PACs in giving to House incumbents.