Financial support was provided, in part, by The Spencer Foundation. We thank M. Harris, J. Lave, S. Salop, and participants in workshops at the Board of Governors of the Federal Reserve and at Queen’s University for helpful comments.
Romer, T., &Rosenthal, H. (1978). Political resource allocation, controlled agendas, and the status quo. Public choice, 33(4), 27-43.