A characterization of the top-trading-cycles mechanism for housing markets via respecting-improvement
Détails
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Etat: Public
Version: de l'auteur⸱e
Licence: CC BY 4.0
ID Serval
serval:BIB_F4A6DADCDB76
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
A characterization of the top-trading-cycles mechanism for housing markets via respecting-improvement
Périodique
Economics Letters
ISSN
0165-1765
Statut éditorial
Publié
Date de publication
02/2025
Peer-reviewed
Oui
Volume
247
Pages
112145
Langue
anglais
Résumé
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.
Web of science
Open Access
Oui
Financement(s)
Fonds national suisse / Projets / 100018_212311
Création de la notice
14/03/2025 8:37
Dernière modification de la notice
15/03/2025 8:09
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