Exchange in a general market with indivisible goods

被引:21
|
作者
Papai, Szilvia [1 ]
机构
[1] Concordia Univ, Dept Econ, Montreal, PQ H3G 1M8, Canada
关键词
strategyproofness; indivisible goods; Shapley-Scarf housing market; core;
D O I
10.1016/j.jet.2005.05.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
We show how to restrict trades in exchange markets with heterogeneous indivisible goods so that the resulting restricted exchange markets, the fixed deal exchange markets, have a unique core allocation. Our results on fixed deal exchange markets generalize classical results on the Shapley-Scarf housing market, in which each agent owns one good only. Furthermore, we define the class of fixed deal exchange rules for general exchange markets, and prove that these are the only exchange rules that satisfy strategyproofness, individual rationality, and a weak form of efficiency. (c) 2005 Elsevier Inc. All rights reserved.
引用
收藏
页码:208 / 235
页数:28
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