Alternative characterizations of the top trading cycles rule in housing markets

被引：1
|
作者：
Chen, Yajing [1 ]
Zhao, Fang [2 ]
机构：
[1] East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200237, Peoples R China
[2] Xi An Jiao Tong Univ, Sch Econ & Finance, Xian 710049, Shaanxi, Peoples R China
来源：
ECONOMICS LETTERS | 2021年 / 201卷
基金：
中国国家自然科学基金;
关键词：
Housing market; Top trading cycles rule; Rank monotonicity; Characterizations;
D O I：
10.1016/j.econlet.2021.109806
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Building on Ma (1994) and Fujinaka and Wakayama (2018), this paper characterizes the top trading cycles rule in housing markets without the help of strategy-proofness, by the following two groups of axioms: individual rationality, Pareto efficiency, rank monotonicity; individual rationality, endowments-swapping-proofness, rank monotonicity. (C) 2021 Elsevier B.V. All rights reserved.
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页数：3
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