On sharing the benefits of communication

by Efthymios Athanasiou; Santanu Dey; Giacomo Valletta

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. -- Groves Mechanisms ; Externality ; Budget Surplus or Deficit ; Pareto Undominated

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Year of publication:	2012
Authors:	Athanasiou, Efthymios ; Dey, Santanu ; Valletta, Giacomo
Publisher:	Milano : Fondazione Eni Enrico Mattei
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:	Online-Ressource (PDF-Datei: 33 S., 750,49 KB) graph. Darst.
Series:	Working paper. - Milan : [Verlag nicht ermittelbar], ZDB-ID 2217241-5. - Vol. 41.2012
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/59720 [Handle]
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/10009565542