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On Sharing the Benefits of Communication

Working paper
Author/s: 
Efthymios Athanasiou, Santanu Dey and Giacomo Valletta
Issue number: 
2012.041
Publisher: 
FEEM
Year: 
2012
PDF [1]
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.
Tags: 
Network Games [2]

Source URL:http://www.coalitiontheory.net/content/sharing-benefits-communication

Links
[1] http://www.feem.it/userfiles/attach/2012613930404NDL2012-041.pdf [2] http://www.coalitiontheory.net/research-areas/network-games