Showing 1 - 10 of 2,876
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...
Persistent link: https://www.econbiz.de/10009565542
Persistent link: https://www.econbiz.de/10003590031
Persistent link: https://www.econbiz.de/10003546980
Persistent link: https://www.econbiz.de/10010466973
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10010394633
Persistent link: https://www.econbiz.de/10002049251
Persistent link: https://www.econbiz.de/10000995857
Persistent link: https://www.econbiz.de/10000914117
Persistent link: https://www.econbiz.de/10012000626
Persistent link: https://www.econbiz.de/10014631984