On Sharing the Benefits of Communication
Copyright policy )On Sharing the Benefits of Communication
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.
- Maastricht University Netherlands
- Carnegie Mellon University United States
Budget Surplus or Deficit, public economics ;, ddc:330, Groves Mechanisms, Externality, Budget Surplus or Deficit, Pareto Undominated Mechanisms, Pareto Undominated, D70, C60, D62, Groves Mechanisms, Externality, jel: jel:D70, jel: jel:C60, jel: jel:D62
Budget Surplus or Deficit, public economics ;, ddc:330, Groves Mechanisms, Externality, Budget Surplus or Deficit, Pareto Undominated Mechanisms, Pareto Undominated, D70, C60, D62, Groves Mechanisms, Externality, jel: jel:D70, jel: jel:C60, jel: jel:D62
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!