TY - JOUR
T1 - The Coordinate-Wise Core for Multiple-Type Housing Markets is Second Best Incentive Compatible
AU - Klaus, B.E.
PY - 2008/1/1
Y1 - 2008/1/1
N2 - 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.
AB - 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.
U2 - 10.1016/j.jmateco.2007.05.013
DO - 10.1016/j.jmateco.2007.05.013
M3 - Article
SN - 0304-4068
VL - 44
SP - 919
EP - 924
JO - Journal of Mathematical Economics
JF - Journal of Mathematical Economics
ER -