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Exchange of indivisible goods and indifferences: the top trading absorbing sets mechanisms

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  • ALCADE-UNZU, Jorge
  • MOLIS, Elena

Abstract

There is a wide range of economic problems involving the exchange of indivisible goods without monetary transfers, starting from the housing market model of the seminal paper of Shapley and Scarf [10] and including other problems like the kidney exchange or the school choice problems. For many of these models, the classical solution is the application of an algorithm/mechanism called Top Trading Cycles, attributed to David Gale, which satisfies good properties for the case of strict preferences. In this paper, we propose a family of mechanisms, called Top Trading Absorbing Sets mechanisms, that generalizes the Top Trading Cycles for the general case in which individuals can report indifferences, and preserves all its desirable properties.
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Suggested Citation

  • ALCADE-UNZU, Jorge & MOLIS, Elena, 2011. "Exchange of indivisible goods and indifferences: the top trading absorbing sets mechanisms," LIDAM Reprints CORE 2331, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2331
    Note: In : Games and Economic Behavior, 73(1), 1-16, 2011
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    References listed on IDEAS

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    1. Roth, Alvin E. & Sonmez, Tayfun & Utku Unver, M., 2005. "Pairwise kidney exchange," Journal of Economic Theory, Elsevier, vol. 125(2), pages 151-188, December.
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    6. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    7. Thomas Quint & Jun Wako, 2004. "On Houseswapping, the Strict Core, Segmentation, and Linear Programming," Yale School of Management Working Papers ysm373, Yale School of Management.
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    11. Tayfun Sönmez & M. Utku Ünver, 2009. "Matching, Allocation, and Exchange of Discrete Resources," Boston College Working Papers in Economics 717, Boston College Department of Economics.
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    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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