On Sharing the Benefits of Communication

We put forward a model of private goods with externalities. Agents derive benefit from communicating with each other. In order to communicate they need to have a language in common. Learning languages is costly. In this setting no individually rational and feasible Groves mechanism exists. We characterize the best-in-class feasible Groves mechanism and the best-in-class individually rational Groves mechanism

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Year of publication:	2012
Authors:	Athanasiou, Efthymios ; Dey, Santanu ; Valletta, Giacomo
Publisher:	[S.l.] : SSRN
Subject:	Kommunikation \| Communication \| Sprache \| Language \| Externer Effekt \| Externalities \| Neue politische Ökonomie \| Public choice \| Rationalität \| Rationality \| Lernen \| Learning \| Pareto-Optimum \| Pareto efficiency

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Extent:	1 Online-Ressource (37 p)
Series:	FEEM Working Paper ; No. 41.2012
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 31, 2012 erstellt
Other identifiers:	10.2139/ssrn.2120407 [DOI]
Classification:	D70 - Analysis of Collective Decision-Making. General ; D62 - Externalities ; C60 - Mathematical Methods and Programming. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014167264