The Coordinate-Wise Core for Multiple-Type Housing Markets is Second Best Incentive Compatible

B.E. Klaus

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

We consider the generalization of shapley and scarf’s (1974) [shapley, l., scarf’s, h., 1974. On cores and indivisibility. Journal of mathematical economics 1, 23–37.] model of trading indivisible objects (houses) to so-called multiple-type housing markets. We show that the prominent solution for these markets, the coordinate-wise core rule, is second-best incentive compatible.
Original languageEnglish
Pages (from-to)919-924
Number of pages16
JournalJournal of Mathematical Economics
Volume44
DOIs
Publication statusPublished - 1 Jan 2008

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