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A unified approach to strategy-proofness of the deferred-acceptance rule and the top-trading cycles rule

Author

Listed:
  • Hidekazu Anno

    (University of Tsukuba)

  • Sui Takahashi

    (University of Tsukuba)

Abstract

This note provides an alternative proof of strategy-proofness of the top-trading cycles rule for housing markets based on the argument used in the (Hatfield and Milgrom in Am Econom Rev 95:913–935, 2005) proof of Theorems 10 and 11. In other words, we point out that their proof technique for strategy-proofness of the doctor-optimal stable rule for matching with contracts is also applicable to that of the core rule for housing markets.

Suggested Citation

  • Hidekazu Anno & Sui Takahashi, 2023. "A unified approach to strategy-proofness of the deferred-acceptance rule and the top-trading cycles rule," Review of Economic Design, Springer;Society for Economic Design, vol. 27(1), pages 133-137, February.
    • Handle: RePEc:spr:reecde:v:27:y:2023:i:1:d:10.1007_s10058-021-00271-6
    DOI: 10.1007/s10058-021-00271-6
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    References listed on IDEAS

    as
    1. Szilvia Papai, 2000. "Strategyproof Assignment by Hierarchical Exchange," Econometrica, Econometric Society, vol. 68(6), pages 1403-1434, November.
    2. Tayfun Sonmez, 1999. "Strategy-Proofness and Essentially Single-Valued Cores," Econometrica, Econometric Society, vol. 67(3), pages 677-690, May.
    3. Pycia, Marek & Unver, Utku, 2017. "Incentive compatible allocation and exchange of discrete resources," Theoretical Economics, Econometric Society, vol. 12(1), January.
    4. Salvador Barberà & Dolors Berga & Bernardo Moreno, 2016. "Group Strategy-Proofness in Private Good Economies," American Economic Review, American Economic Association, vol. 106(4), pages 1073-1099, April.
    5. John William Hatfield & Paul R. Milgrom, 2005. "Matching with Contracts," American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
    6. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    7. Abdulkadiroglu, Atila & Sonmez, Tayfun, 1999. "House Allocation with Existing Tenants," Journal of Economic Theory, Elsevier, vol. 88(2), pages 233-260, October.
    8. Koji Takamiya, 2003. "On strategy-proofness and essentially single-valued cores: A converse result," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 20(1), pages 77-83.
    9. Roth, Alvin E., 1982. "Incentive compatibility in a market with indivisible goods," Economics Letters, Elsevier, vol. 9(2), pages 127-132.
    10. Alvin E. Roth, 1982. "The Economics of Matching: Stability and Incentives," Mathematics of Operations Research, INFORMS, vol. 7(4), pages 617-628, November.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Market design; Matching with contracts; Housing market; Core; Strategy-proofness;
    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
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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