On Sharing the Benefits of Communication

Efthymios Athanasiou (), Santanu Dey and Giacomo Valletta ()
Additional contact information
Santanu Dey: ISYE, Georgia Tech

No 2012.41, Working Papers from Fondazione Eni Enrico Mattei

Abstract: 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.

Keywords: Groves Mechanisms; Externality; Budget Surplus or Deficit; Pareto Undominated Mechanisms (search for similar items in EconPapers)
JEL-codes: C60 D62 D70 (search for similar items in EconPapers)
Date: 2012-05
New Economics Papers: this item is included in nep-cta, nep-gth and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://feem-media.s3.eu-central-1.amazonaws.com/w ... oads/NDL2012-041.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2012.41

Access Statistics for this paper

More papers in Working Papers from Fondazione Eni Enrico Mattei Contact information at EDIRC.
Bibliographic data for series maintained by Alberto Prina Cerai ( this e-mail address is bad, please contact ).