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

B.E. Klaus

doi:10.1016/j.jmateco.2007.05.013

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

B.E. Klaus^*

^*Corresponding author for this work

Microeconomics & Public Economics

Research output: Contribution to journal › Article › Academic › peer-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 language	English
Pages (from-to)	919-924
Number of pages	16
Journal	Journal of Mathematical Economics
Volume	44
DOIs	https://doi.org/10.1016/j.jmateco.2007.05.013
Publication status	Published - 1 Jan 2008

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title = "The Coordinate-Wise Core for Multiple-Type Housing Markets is Second Best Incentive Compatible",

abstract = "We consider the generalization of shapley and scarf{\textquoteright}s (1974) [shapley, l., scarf{\textquoteright}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.",

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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.

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DO - 10.1016/j.jmateco.2007.05.013

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EP - 924

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

ER -

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

Abstract

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