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We consider house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the possibility that a pair of agents may gain by swapping their endowments before the operation of the chosen rule. A rule is called endowments-swapping-proof if it is immune to...
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We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom called pre-exchange-proofness, which states that no pair of agents gain by exchanging their endowments with each other prior to the operation of the chosen rule. We establish that a...
Persistent link: https://www.econbiz.de/10012961731
This paper presents a model of housing markets with interdependent values. Here, we introduce private information on the quality of a house (i.e., high or low), which is known only to the initial owner. Interdependency means that the ex-post preference of an agent depends on the private...
Persistent link: https://www.econbiz.de/10012951266
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This paper offers a "simple" model of housing markets with interdependent values. Here, we introduce private information on the quality of a house, which is known only to the initial owner. An ex-post preference of an agent is assumed to depend on such information. We prove that ex-post...
Persistent link: https://www.econbiz.de/10013029428