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MEETINGS WITH COSTLY PARTICIPATION: AN EMPIRICAL INVESTIGATION
Category: Economic Theory
Political Economy III Tuesday 27th August 2002, 09:30 - 11:00, Room: 4.2
Session Chair(s):
Philipp Harms, University of Konstanz, GERMANY
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Abstract:
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Voluntary meetings with costly participation are ubiquitous as an
institution for resource allocation. Despite their importance in
economic life, such meetings are little studied. This paper is an empirical
analysis of participation at public meetings. We investigate basic and
previously unaddressed questions about meetings with costly participation.
Who goes? Does attendance vary with observable characteristics? Do meeting
attendees represent the interested population? We find that the opinions of
participants do not represent the opinions of the entire regulated
population and that small changes to meeting protocols have the potential to
manipulate the sample of participants. We also find surprisingly strong
evidence that the opinions of participants are extreme relative to the whole
population. These results lay a foundation for the problem of tailoring
meeting protocols to achieve particular welfare objectives.
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Find this file in the \Papers\1461\ folder of this CD-ROM.
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