Meetings with Costly Participation: Reply

Authors: Osborne, Martin J.; Rosenthal, Jeffrey S.; Turner, Matthew A.

Source: The American Economic Review, Volume 95, Number 4, September 2005 , pp. 1351-1354(4)

Publisher: American Economic Association

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Abstract:

This note corrects an error in an example in "Meetings with Costly Participation" (AER 90(4), 927-943). It characterizes the set of equilibria for the example under the assumptions in the paper, shows that in all the equilibria an interval of moderate positions is devoid of participants, and provides assumptions under which the result as originally stated is correct.

Document Type: Short communication

DOI: http://dx.doi.org/10.1257/0002828054825592

Publication date: 2005-09-01

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The American Economic Review is a general-interest economics journal. The journal is published quarterly and contains articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession.
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