Meetings with costly participation
We study a collective decision-making process in which people who are interested in an issue are invited to attend a meeting, and the policy chosen is a compromise among the preferences of those who show up. We show that in an equilibrium the number of attendees is small and their positions are extreme; in a wide range of circumstances the outcome is random. These characteristics of an equilibrium are consistent with evidence on the outcome of hearings on US regulatory policy.
|Date of creation:||11 May 1998|
|Contact details of provider:|| Postal: 150 St. George Street, Toronto, Ontario|
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- Dixit, Avinash & Olson, Mancur, 2000. "Does voluntary participation undermine the Coase Theorem?," Journal of Public Economics, Elsevier, vol. 76(3), pages 309-335, June.
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- Winter, Eyal, 1997. "Negotiations in multi-issue committees," Journal of Public Economics, Elsevier, vol. 65(3), pages 323-342, September.
- Thomas Palfrey & Howard Rosenthal, 1983.
"A strategic calculus of voting,"
Springer, vol. 41(1), pages 7-53, January.
- Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, Oxford University Press, vol. 98(3), pages 371-400.
- Baye, M.R. & Kovenock, D. & De Vries, C.G., 1992.
"Rigging the Lobbying Process: An Application of the All- Pay Auction,"
9-92-2, Pennsylvania State - Department of Economics.
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- Palfrey, Thomas R. & Rosenthal, Howard, 1984.
"Participation and the provision of discrete public goods: a strategic analysis,"
Journal of Public Economics,
Elsevier, vol. 24(2), pages 171-193, July.
- Palfrey, Thomas & Rosenthal, Howard., 1983. "Participation and the Provision of Discrete Public Goods: A Strategic Analysi," Working Papers 465, California Institute of Technology, Division of the Humanities and Social Sciences.
- Bulkley, George & Myles, Gareth D & Pearson, Bernard R, 2001.
"On the Membership of Decision-Making Committees,"
Springer, vol. 106(1-2), pages 1-22, January.
- Gary S. Becker, 1984.
"Public Policies, Pressure Groups, and Dead Weight Costs,"
University of Chicago - George G. Stigler Center for Study of Economy and State
35, Chicago - Center for Study of Economy and State.
- Becker, Gary S., 1985. "Public policies, pressure groups, and dead weight costs," Journal of Public Economics, Elsevier, vol. 28(3), pages 329-347, December.
- Timothy J. Feddersen & Wolfgang Pesendorfer, 1995.
"The Swing Voter's Curse,"
1064, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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