ERIKSSON, KIMMO; SJÖSTRAND, JONAS - In: International Game Theory Review (IGTR) 09 (2007) 03, pp. 515-525
The Swedish rent control system creates a white market for swapping rental contracts and a black market for selling rental contracts. Empirical data suggests that in this black-and-white market some people act according to utility functions that are both discontinuous and locally decreasing in...