From the perspective of labor division and specialization, we explained the human capital attributes of language, and pointed out the human capital was depended on the acquisition of specialized organizational language which is the standard code system in the process of organizational communication. Then we employed the "beauty contest game" to analyze the two-stage language acquisition decision of individual, and pointed out that first stage language acquisition was to gain the advantages of human capital competition in the second stage. The model we employed has shown the importance and mechanism of private information and public information in the individual language acquisition decision making process. In the end, we briefly analyzed factors which determined the formation and diffusion of private and public information.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
15677.
Find related papers by JEL classification: I21 - Health, Education, and Welfare - - Education - - - Analysis of Education J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Camille Cornand & Frank Heinemann, 2006.
"Optimal Degree of Public Information Dissemination,"
Discussion Papers
158, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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