American Economic Review Vol. 95 No. 4 2005

Meetings with Costly Participation: Reply

Martin J. Osborne¹; Jeffrey S. Rosenthal²; Matthew A. Turner¹

¹ Department of Economics, University of Toronto, 150 St. George Street, Toronto, Canada M5S 3G7. · ² Department of Statistics, University of Toronto, 100 St. George Street, Toronto, Canada M5S 3G3.

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 po- sitions is devoid of participants, and provides assumptions under which the result as originally stated is correct.

DOI

10.1257/0002828054825592

Volume

95

Issue

4

Pages

1351-1354

Language

en

Sources

bibtex:phds-export.bib crossref openalex

Cite

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