Showing 1 - 10 of 471
investigates this specific tradeoff and identifies an allocation rule that is individually rational, equilibrium selecting, and … domain, the identified rule is the equilibrium selecting rule that transfers the maximum number of ownerships from the public …
Persistent link: https://www.econbiz.de/10011332808
Persistent link: https://www.econbiz.de/10011650162
Persistent link: https://www.econbiz.de/10012511575
Persistent link: https://www.econbiz.de/10012667954
Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for college students, each year freshmen apply to move in and graduating seniors leave. Each student stays on campus for a few years only. A student is a "newcomer" in the...
Persistent link: https://www.econbiz.de/10003883281
Persistent link: https://www.econbiz.de/10009152626
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom called pre-exchange-proofness, which states that no pair of agents gain by exchanging their endowments with each other prior to the operation of the chosen rule. We establish that a...
Persistent link: https://www.econbiz.de/10012961731
We consider house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the possibility that a pair of agents may gain by swapping their endowments before the operation of the chosen rule. A rule is called endowments-swapping-proof if it is immune to...
Persistent link: https://www.econbiz.de/10012921955
This paper studies housing markets in the presence of constraints on the number of agents involved in exchanges. We search for mechanisms satisfying effective endowments-swapping proofness, which requires that no pair of agents can gain by “individually rational” swapping their endowments...
Persistent link: https://www.econbiz.de/10014258772
equilibrium and the one generated by weakly dominance relation, converge to a set of allocations we define as strictly stable …
Persistent link: https://www.econbiz.de/10013157433