Conjecture

The hearing hears whoever is present. Klein and Thompson: much "designed to foster grassroots participation has been captured by incumbents and special interests", and in a town meeting it is hard "to remember who is not there", the family who could not afford to move in. Process vetoes are asymmetric because a project's costs fall on people already there and organised, and its benefits on people not yet there. Where this feeds our thesis: a decision market lets someone outside the room take a side, but it prices what traders can capture, not the welfare of the absent family, so it narrows the asymmetry rather than removing it.

Keeping power in check