Template-type: ReDif-Paper 1.0
Author-Name: Athanasiou Efthymios 
Author-Name: Dey Santanu 
Author-Name: Valletta Giacomo 
Author-workplace-name: METEOR
Title: On Sharing the Benefits of Communication 
Abstract: We put forward a model of private goods with externalities. Agents derive benefit fromcommunicating 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 Grovesmechanism exists. We characterize the best-in-class feasible Groves mechanism and thebest-in-class individually rational Groves mechanism.
Keywords: public economics ; 
Series: Research Memoranda
Creation-Date: 2012
Number: 016
File-URL: http://arnop.unimaas.nl/show.cgi?fid=25248
File-Format: application/pdf
File-Size: 553299
Handle: RePEc:unm:umamet:2012016