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polynomial of degree N-1. In order to deal with the intricacy of the resulting evolutionary dynamics, we make use of the theory … of polynomials in Bernstein form. This theory implies a tight link between the sign pattern of the gains from switching …
Persistent link: https://www.econbiz.de/10010232405
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We study the indivisible object allocation problem without monetary transfer, in which each object is endowed with a … priority structures that admit a stable, efficient and (group) strategy-proof rule. While house allocation problems and housing … markets are two classic families of allocation problems that admit a stable, efficient and group strategy-proof rule, any …
Persistent link: https://www.econbiz.de/10013032068
This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...
Persistent link: https://www.econbiz.de/10008746114
Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for …, we introduce a model of house allocation with overlapping agents. In terms of dynamic mechanism design, we examine two …-proofness. We provide another simple dynamic mechanism that is strategy-proof and Pareto efficient. -- house allocation …
Persistent link: https://www.econbiz.de/10003883281
We study a setting in which dynamically arriving items are assigned to waiting agents, who have heterogeneous values for distinct items and heterogeneous outside options. An ideal match would both target items to agents with the worst outside options, and match them to items for which they have...
Persistent link: https://www.econbiz.de/10012901937
We consider house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the …
Persistent link: https://www.econbiz.de/10012921955
This paper examines how banks reallocate credit after the introduction of a more enforceable housing collateral contract in Brazil. This new contract greatly improved the repossession of real estate assets used as collateral for personal and business loans. We find opposing effects of this...
Persistent link: https://www.econbiz.de/10012829380
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom …
Persistent link: https://www.econbiz.de/10012961731