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Title:On sharing the benefits of communication PDF Logo
Authors:Athanasiou, Efthymios
Dey, Santanu
Valletta, Giacomo
Issue Date:2012
Series/Report no.:Nota di lavoro, Fondazione Eni Enrico Mattei: Climate Change and Sustainable Development 41.2012
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.
Subjects:Groves Mechanisms
Externality
Budget Surplus or Deficit
Pareto Undominated
JEL:D70
D62
C60
Document Type:Working Paper
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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