Meetings with Costly Participation: An Empirical Analysis
AbstractUsing data from the Mid-Atlantic surf clam and ocean quahog fishery, we find that firms with a preference for extreme, rather than moderate, policies are much more likely to participate in public meetings where regulation is determined. We also find that participation rates are higher for larger, closer, and more influential firms. These results; (1) improve our understanding of a very common institution for resource allocation, 'meetings with costly participation', (2) they refine our intuition about regulatory capture, (3) they provide broad confirmation of the recent theoretical literature predicting that polarization and bipartisanship should emerge under a variety of democratic institutions, and finally, (4) they may help to explain management problems in US fisheries.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 11464.
Date of creation: 01 Jan 2005
Date of revision:
Publication status: Published in Review of Economic Studies, January 2005, vol. 72 no. 1, pp. 247-268
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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Web page: http://www.econ.iastate.edu
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Other versions of this item:
- Matthew Turner & Quinn Weninger, 2005. "Meetings with Costly Participation: An Empirical Analysis," Review of Economic Studies, Oxford University Press, vol. 72(1), pages 247-268.
- NEP-ALL-2004-02-29 (All new papers)
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