This paper considers a house allocation problem with no initial ownership and where prices are bounded from below and above by exogenously given price restrictions. This type of housing market contains, e.g., the "assignment market" and the "student placement problem" as special cases. A...

This paper explores a housing market with an existing tenant in each house and where the existing tenants initially rent their houses. The idea is to identify equilibrium prices for the housing market given the prerequisite that a tenant can buy any house on the housing market, including the one...

This paper considers a fair division problem with indivisible objects, like jobs, houses, positions, etc., and one divisible good (money). The individuals consume money and one object each. The class of fair allocation rules that are strategy-proof in the strong sense that no coalition of...

Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a compensating perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with...

This paper investigates an allocation rule that fairly assigns at most one indivisible object and a monetary compensation to each agent, under the restriction that the monetary compensations do not exceed some exogenously given upper bound. A few properties of this allocation rule are stated and...

This paper provides three short and very simple proofs of the classical Gibbard-Satterthwaite theorem. The theorem is first proved in the case with only two individuals in the economy. The many individual case follows then from an induction argument (over the number of individuals). The proof of...

In this paper we considered the classical Shapley-Scarf (1974) "house allocation model", where in addition there is a perfectly divisible good (money). The problem is to characterize all strategy-proof, nonbossy and individually rational allocation mechanisms. The finding is that only a...

We extend the Shapley-Scarf (1974) model - where a finite number of indivisible objects is to be allocated among a finite number of individuals - to the case where the primary endowment set of an individual may contain none, one, or several objects and where property rights may be transferred...

We characterize the set of strategy-proof social choice functions (SCFs), the outcome of which are multiple public goods. The set of feasible alternatives is a subset of a product set with a finite number of elements. We do not require the SCFs to be ‘onto’, but instead impose the weaker...

This paper investigates the problem of allocating two types of indivisible objects among a group of agents when a priority-order must be respected and when only restricted monetary transfers are allowed. Since the existence of a fair allocation not generally is guaranteed due the the...