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FEEM Working Papers, Fondazione Eni Enrico Mattei >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59720
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| Title: | | On sharing the benefits of communication  |
| 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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