The core of a housing market with externalities
AbstractIt is known that the core of a housing market always exists and contains a unique matching when agents have independent preferences. We show that when preferences of agents are interdependent, there are housing markets with an empty core as well as housing markets with a core containing more than one matching.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 3 (2007)
Issue (Month): 57 ()
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- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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1226, California Institute of Technology, Division of the Humanities and Social Sciences.
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- Gudmundsson, Jens & Habis, Helga, 2013. "Assignment Games with Externalities," Working Papers 2013:27, Lund University, Department of Economics.
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