Farsighted House Allocation

Details

Serval ID
serval:BIB_4EE1E1AF83AF
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Farsighted House Allocation
Journal
Journal of Mathematical Economics
Author(s)
Klaus B, Klijn F., Walzl M.
ISSN
0304-4068
Publication state
Published
Issued date
09/2010
Peer-reviewed
Oui
Volume
46
Number
5
Pages
817-824
Language
english
Abstract
In this note we study von Neumann-Morgenstern farsightedly stable sets for Shapley and Scarf( 1974) housing markets. Kawasaki (2010) shows that the set of competitive allocations coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of antisymmetric weak dominance (cf., Wako, 1999). We demonstrate that the set of competitive allocations also coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of strong dominance (cf., Roth and Postlewaite, 1977) if no individual is indifferent between his endowment and the endowment of someone else.
Keywords
Housing markets, Indivisible goods, Farsightedness, von Neumann-Morgenstern stable sets, Top trading cycles, Competitive allocations
Web of science
Create date
17/06/2010 9:43
Last modification date
20/08/2019 14:04
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