Meetings with Costly Participation: An Empirical Investigation
Despite their importance in economic life, meetings with costly participation 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 (1), the opinions of participants do not represent the opinions of the entire regulated population, (2) that the opinions of participants are extreme relative to the whole population, (3) that private information does not affect participation decisions in an important way, and (4), that small changes to meeting protocols have the potential to manipulate the sample of participants. These results lay a foundation for the problem of tailoring meeting protocols to achieve particular welfare objectives.
|Date of creation:||11 Jul 2001|
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