Suchergebnisse

This essay examines 'What is a policy?' from the viewpoint of a public servant trying to make sense of the maze of official statements, procedures, guidelines and various other expressions of intra‐governmental opinion that might bear upon a discretionary decision. It seeks to clarify the meaning and status of policy, to explain how to determine cases which are not covered by explicit statements of policy, and to decide how much relative weight to accord to various policy documents and circumstances. Although it does not set out to rehash the old debate about the distinction between politics and administration (often misunderstood as a distinction between policy and administration), it finds Woodrow Wilson's 1886 aphorism on this subject a good place to start.

To what extent can market participants affect the outcomes of regulatory policy? In this paper, we study the effects of one potential source of influence – campaign contributions – from competing interests in the local telecommunications industry, on regulatory policy decisions of state public utility commissions. Using a unique new data set, we find, in contrast to much of the literature on campaign contributions, that there is a significant effect of private money on regulatory outcomes. Indeed, this result is robust to numerous alternative specifications and persists with instrumentation. We also assess the extent of omitted variable bias that would have to exist to obviate the estimated result. We find that for our result to be spurious, omitted variables would have to explain more than five times the variation in the mix of private money as is explained by the variables included in our analysis. We consider this to be very unlikely.