The aim of the paper is to introduce the modern techniques of evolutionary game theory introduced into economics by Young (1993) and others to analyze exchange economies. <br> We define a dynamic matching process on the simple housing problem introduced by Shapley and Scarf (1974) and analyze the...

In interim economies with asymmetric information, we show a robust failure of the core convergence theorem. We begin by showing that the coarse core of Wilson (1978) does not converge to any set of price equilibrium allocations considered in the literature. To prove our main point we construct a...

We define a segregation ordering as a ranking of cities from most segregated to least segregated. \ We propose a set of basic properties that any reasonable segregation ordering should have. \ We then fully characterize the class of segregation orderings that satisfy these basic properties. \ We...