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Characterizing the typewise top-trading-cycles mechanism for multiple-type housing markets

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  • Feng, Di
  • Klaus, Bettina
  • Klijn, Flip

Abstract

We consider the generalization of the classical Shapley and Scarf housing market model (Shapley and Scarf, 1974) to so-called multiple-type housing markets (Moulin, 1995). Throughout the paper, we focus on strict preferences. When preferences are separable, the prominent solution for these markets is the typewise top-trading-cycles (tTTC) mechanism.

Suggested Citation

  • Feng, Di & Klaus, Bettina & Klijn, Flip, 2024. "Characterizing the typewise top-trading-cycles mechanism for multiple-type housing markets," Games and Economic Behavior, Elsevier, vol. 146(C), pages 234-254.
    • Handle: RePEc:eee:gamebe:v:146:y:2024:i:c:p:234-254
    DOI: 10.1016/j.geb.2024.04.010
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    More about this item

    Keywords

    Multiple-type housing markets; Strategy-proofness; Non-bossiness; Self-enforcing pairwise strategy-proofness; Top-trading-cycles (TTC) mechanism; Market design;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design

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