Meetings with costly participation: An empirical analysis

• 成果类型: Article
• 署名作者: Turner, M; Weninger, Q
• 署名单位: University of Toronto; Iowa State University
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1111/0034-6527.00331
• 发表日期: 2005
• 页码: 247-268
• 关键词: model

摘要

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 U.S. fisheries.