A characterization of the top-trading-cycles mechanism for housing markets via respecting-improvement

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License: CC BY 4.0
Serval ID
serval:BIB_F4A6DADCDB76
Type
Article: article from journal or magazin.
Collection
Publications
Institution
UNIL/CHUV
Title
A characterization of the top-trading-cycles mechanism for housing markets via respecting-improvement
Journal
Economics Letters
Author(s)
Klaus Bettina, Klijn Flip, Sethuraman Jay
ISSN
0165-1765
Publication state
Published
Issued date
02/2025
Peer-reviewed
Oui
Volume
247
Pages
112145
Language
english
Abstract
We provide the first characterization of the prominent top-trading-cycles (TTC) mechanism in the Shapley–Scarf housing market model (Shapley and Scarf, 1974) that uses respecting-improvement. Specifically, we show that for strict preferences, the TTC mechanism is the unique mechanism satisfying pair-efficiency, respecting-improvement, and strategy-proofness.
OAI-PMH
oai:serval.unil.ch:BIB_F4A6DADCDB76
DOI
10.1016/j.econlet.2024.112145
Web of science
001412670700001
Open Access
Yes
Funding(s)
Swiss National Science Foundation / Projects / 100018_212311
Create date
14/03/2025 8:37
Last modification date
15/03/2025 8:09
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