The measurement of the value of a language

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dc.contributor.authorAlcalde Unzu, Jorge
dc.contributor.authorMoreno Ternero, Juan D.
dc.contributor.authorWeber, Shlomo
dc.contributor.departmentEkonomiaeu
dc.contributor.departmentInstitute for Advanced Research in Business and Economics - INARBEen
dc.contributor.departmentEconomíaes_ES
dc.date.accessioned2022-08-19T10:05:08Z
dc.date.available2022-08-19T10:05:08Z
dc.date.issued2022
dc.date.updated2022-08-19T10:00:01Z
dc.description.abstractWe address the problem of assessing the value of a language. We consider a stylized model of multilingual societies in which we introduce axioms formalizing the principles of impartiality, monotonicity, invariance and consistency. We show that the combination of these axioms characterizes a family of communicative benefit functions which assign a value to each language in the society. The functions within the family involve a two-step procedure. First, they identify the groups of agents that can communicate in each language. Second, each group is assigned an aggregate (size-dependent) value, which is evenly divided among the languages in which the group can communicate. Our novel approach could be useful in a wide range of empirical applications and policy decisions.en
dc.description.sponsorshipThe first author acknowledges the financial support from the Spanish Government through grant PGC2018-093542-B-I00 funded by MCIN/AEI/10.13039/501100011033 and by 'ERDF A way of making Europe'. The second author acknowledges the Spanish Government through grant PID2020-115011GB-I00, funded by MCIN/AEI/10.13039/501100011033. Funding for publishing: Universidad Pablo de Olavide/CBUA.en
dc.format.mimetypeapplication/pdfen
dc.identifier.citationAlcalde-Unzu, J.; Moreno-Ternero, J.; Weber, S.. (2022). The measurement of the value of a language. Journal of economic theory. 203,105468 .en
dc.identifier.doi10.1016/j.jet.2022.105468
dc.identifier.issn0022-0531
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/43821
dc.language.isoengen
dc.publisherElsevieren
dc.relation.ispartofJournal of Economic Theory 203 (2022) 105468en
dc.relation.projectIDinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PGC2018-093542-B-I00/ES/
dc.relation.projectIDinfo:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-115011GB-I00/ES/
dc.relation.publisherversionhttps://doi.org/10.1016/j.jet.2022.105468
dc.rights© 2022 The Author(s). This is an open access article under the CC BY license.en
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectValue of a languageen
dc.subjectCommunicative benefitsen
dc.subjectMeasureen
dc.subjectAxiomsen
dc.subjectCharacterizationen
dc.titleThe measurement of the value of a languageen
dc.typeinfo:eu-repo/semantics/article
dc.type.versioninfo:eu-repo/semantics/publishedVersion
dspace.entity.typePublication
relation.isAuthorOfPublication7db026f4-4346-47c8-a01d-4218e3d23bb4
relation.isAuthorOfPublication.latestForDiscovery7db026f4-4346-47c8-a01d-4218e3d23bb4

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