Meetings with costly participation: An empirical

Quinn Weninger () and Matthew Tunrer

No 411, Econometric Society 2004 North American Summer Meetings from Econometric Society

Abstract: Using 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

Keywords: meetings; committees; regulation; fisheries. (search for similar items in EconPapers)
JEL-codes: D72 D78 Q22 (search for similar items in EconPapers)
Date: 2004-08-11
New Economics Papers: this item is included in nep-cdm and nep-reg
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