Meetings with costly participation: a comment
In a recent paper Osborne, Rosenthal and Turner (2000) investigate a model of meetings with costly participation. Their main result is that the equilibrium number of participants is small and their positions are extreme. In particular, when the policy space is one-dimensional and the policy outcome is the median of participants' positions, they conclude that the number of attendees is even. The proof is flawed. We construct an example with an odd number of attendees. Oddness of the number of participants has a dramatic consequence on how equilibria look like.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bulkley, G. & Myles, G.D., 1996.
"Individually Rational Union Membership,"
9612, Exeter University, Department of Economics.
- Martin Osborne & Jeffry Rosenthal & Matthew A. Turner, 1998.
"Meetings with costly participation,"
mturner-98-02, University of Toronto, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:cte:werepe:we040502. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ana Poveda)
If references are entirely missing, you can add them using this form.