Showing 1 - 10 of 39
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
Persistent link: https://www.econbiz.de/10013208561
We consider envy-free and budget-balanced allocation rules for problems where a number of indivisible objects and a fixed amount of money is allocated among a group of agents. In "small" economies, we identify under classical preferences each agent's maximal gain from manipulation. Using this...
Persistent link: https://www.econbiz.de/10013208606
This paper explores the situation when tenants in public houses, in a specific neighborhood, are given the legislated right to buy the houses they live in but can choose to remain in their houses and pay the regulated rent. This type of legislation has been passed in many European countries in...
Persistent link: https://www.econbiz.de/10013208691
This paper explores a housing market with an existing tenant in each house and where the existing tenants initially rent their houses. The idea is to identify equilibrium prices for the housing market given the prerequisite that a tenant can buy any house on the housing market, including the one...
Persistent link: https://www.econbiz.de/10013208721
We consider taxation of exchanges among a set of agents where each agent owns one object. Agents may have different valuations for the objects and they need to pay taxes for exchanges. We show that if a rule satisfies individual rationality, strategyproofness, constrained efficiency, weak...
Persistent link: https://www.econbiz.de/10013208817
We consider a market with indivisible objects, called houses, and money. On this market, each house is initially owned (or rented) by some agent and each agent demands precisely one house. The problem is to identify the complete set of direct allocation mechanisms that can be used to reallocate...
Persistent link: https://www.econbiz.de/10013208891
In many real-life house allocation problems, rents are bounded from above by price ceilings imposed by a government or a local administration. This is known as rent control. Because some price equilibria may be disqualified given such restrictions, this paper proposes an alternative equilibrium...
Persistent link: https://www.econbiz.de/10013208614
This paper considers a house allocation problem with no initial ownership and where prices are bounded from below and above by exogenously given price restrictions. This type of housing market contains, e.g., the "assignment market" and the "student placement problem" as special cases. A...
Persistent link: https://www.econbiz.de/10013208718
This paper considers a housing market with price restrictions. On such market, price equilibrium may be excluded for certain preference profiles. However, the existence of a unique minimal rationing price equilibrium has previously been established on a general preference domain that contains...
Persistent link: https://www.econbiz.de/10013208727
We consider an allocation problem with a finite number of objects, and agents that demand at most one of the objects. The study provides a characterization of a class of strategy-proof price mechanisms. A mechanism belongs to the class if and only if the price space is restricted in a special...
Persistent link: https://www.econbiz.de/10013208821