Political Influence and Regulatory Policy: The 1984 Drug Legislation

Mary Olson

Economic Inquiry, 1994, vol. 32, issue 3, 363-82

Abstract: This paper applies a positive theory of legislation to explain the development of the 1984 Drug Price Competition Act and the Patent Term Restoration Act. Specifically, it examines why regulatory reforms prior to 1984 were stalemated and why the 1984 legislation was enacted. Results show that, prior to 1984, members of the key congressional committees had preferences in which the proposed bills could not beat the status quo. However, changes in subcommittee membership in the House combined with a change in the majority party in the Senate created a situation in which the 1984 legislation could defeat the status quo. Copyright 1994 by Oxford University Press.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ecinqu:v:32:y:1994:i:3:p:363-82

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Economic Inquiry is currently edited by Preston McAfee

More articles in Economic Inquiry from Western Economic Association International Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press (joanna.bergh@oup.com).