Congress roll call votes on financial liberalisation were biased by industry-led campaign contributions and lobbying activities …

largely determined by lobbying, we find strong effects of electoral incentives. …

This paper analyses a model of electoral competition with lobbying, where candidates hold private information about … increase the effect of lobbying. If, however, the cost of running for office is sufficiently large, there is no effect of … lobbying on policy. The model thus demonstrates that uncertainty on the influence of special interests can lead to large …