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Two-sided Matching in Singapore’s Public Housing Allocation

In: INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and Digital Economy, Kuala Lumpur, Malaysia, 19 – 21 August 2022

Author

Listed:
  • Mai Zhang
  • Zhongjin Zhang
  • Linyi Zou

Abstract

Singapore has developed a well-established public housing system built and managed by the government. In Singapore’s unique public housing system, a welfare loss has been observed in its current lottery mechanism used for public housing allocation, based on studies by other scholars. The house allocation is considered a two-sided matching. However, as the Singapore government set the ethnicity quota for public housing blocks based on its purpose of ethnic integration, the matching becomes a type of block-bound two-sided matching. Inspired by Singapore’s public housing allocation problem, this paper tends to establish a new model using the Deferred Acceptance mechanism to improve the social welfare obtained from the public housing allocation. And due to the existence of speculation in the public housing market, this study also tests whether our new model helps to reduce speculative house purchases.

Suggested Citation

  • Mai Zhang & Zhongjin Zhang & Linyi Zou, 2023. "Two-sided Matching in Singapore’s Public Housing Allocation," World Scientific Book Chapters, in: Faruk Balli (ed.), INTERNET FINANCE AND DIGITAL ECONOMY Advances in Digital Economy and Data Analysis TechnologyThe 2nd International Conference on Internet Finance and , chapter 42, pages 573-591, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811267505_0042
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    More about this item

    Keywords

    Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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