Rent seekers in the U.S. international trade commission escape clause investigations |
| |
| Authors: | Stefanie Ann Lenway Kathleen Rehbein |
| |
| Institution: | 1. The faculty of Department of Strategic Management and Organization , University of Minnesota ,;2. The faculty of the Department of Management , Marquette University , |
| |
| Abstract: | This article addresses the question of the political and economic characteristics of firms that are active in filing escape clause petitions. Filing an escape clause petition is considered to be a part of a political rent seeking strategy of a firm. The sample consists of publicly traded firms in industries in which escape clause petitions were filed 1975–1986. The results of a logit analysis suggest that firms active in the petitioning process tend to be profitable and dependent on the petitioned product. We also find tentative support that these firms are in concentrated industries and have Washington offices. These results raise some questions about the utility of the escape clause in providing aid for those firms that it is intended to help. |
| |
| Keywords: | |
|
|
