The measurement of the value of a language

A-Tier
Journal: Journal of Economic Theory
Year: 2022
Volume: 203
Issue: C

Authors (3)

Alcalde-Unzu, Jorge (not in RePEc) Moreno-Ternero, Juan D. (Universidad Pablo de Olavide) Weber, Shlomo (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We 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.

Technical Details

RePEc Handle
repec:eee:jetheo:v:203:y:2022:i:c:s0022053122000588
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26