Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012001292
Persistent link: https://www.econbiz.de/10012060888
Persistent link: https://www.econbiz.de/10011900134
Persistent link: https://www.econbiz.de/10009513291
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/10012432147
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/10014167264