Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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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

Presenter(s): Turner, Matthew

Co-Author(s): none

Keyword(s): committees, fisheries, meetings, regulation

JEL(s): D72, D78, Q22, Q28

Abstract:

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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Paper Reference Number: 1461

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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