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Centralized Allocation in Multiple Markets

Author

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  • Daniel Monte

    (Department of Economics and Business, Aarhus University, Denmark)

  • Norovsambuu Tumennasan

    (Department of Economics and Business, Aarhus University, Denmark)

Abstract

The problem of allocating indivisible objects to different agents, where each individual is assigned at most one object, has been widely studied. Pápai (2000) shows that the set of strategy-proof, nonbossy, Pareto optimal and reallocation-proof rules are hierarchical exchange rules | generalizations of Gale's Top Trading Cycles mechanism. We study the centralized allocation that takes place in multiple markets. For example, the assignment of multiple types of indivisible objects; or the assignment of objects in successive periods. We show that the set of strategy-proof, Pareto efficient and nonbossy rules are sequential dictatorships, a special case of Pápai's hierarchical exchange rules.

Suggested Citation

  • Daniel Monte & Norovsambuu Tumennasan, 2012. "Centralized Allocation in Multiple Markets," Economics Working Papers 2012-09, Department of Economics and Business Economics, Aarhus University.
    • Handle: RePEc:aah:aarhec:2012-09
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    References listed on IDEAS

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    Cited by:

    1. Yasushi Kawase & Hanna Sumita & Yu Yokoi, 2022. "Random Assignment of Indivisible Goods under Constraints," Papers 2208.07666, arXiv.org.
    2. Di Feng & Bettina Klaus & Flip Klijn, 2022. "A Characterization of the Coordinate-Wise Top-Trading-Cycles Mechanism for Multiple-Type Housing Markets," Cahiers de Recherches Economiques du Département d'économie 22.06, Université de Lausanne, Faculté des HEC, Département d’économie.
    3. Di Feng, 2023. "Efficiency in Multiple-Type Housing Markets," Papers 2308.14989, arXiv.org, revised Dec 2023.
    4. Di Feng & Bettina Klaus, 2022. "Preference revelation games and strict cores of multiple‐type housing market problems," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(1), pages 61-76, March.
    5. Manjunath, Vikram & Westkamp, Alexander, 2021. "Strategy-proof exchange under trichotomous preferences," Journal of Economic Theory, Elsevier, vol. 193(C).
    6. Gian Caspari, 2023. "A market design solution to a multi-category housing allocation problem," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 8(1), pages 75-96, December.
    7. John Kennes & Daniel Monte & Norovsambuu Tumennasan, 2015. "Dynamic Matching Markets and the Deferred Acceptance Mechanism," Economics Working Papers 2015-23, Department of Economics and Business Economics, Aarhus University.
    8. Honda, Edward, 2021. "A modified deferred acceptance algorithm for conditionally lexicographic-substitutable preferences," Journal of Mathematical Economics, Elsevier, vol. 94(C).
    9. 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.
    10. Anno, Hidekazu & Kurino, Morimitsu, 2016. "On the operation of multiple matching markets," Games and Economic Behavior, Elsevier, vol. 100(C), pages 166-185.

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    More about this item

    Keywords

    Matching; Strategy-Proofness; Nonbossiness; Pareto efficiency;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • I20 - Health, Education, and Welfare - - Education - - - General

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