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Room assignment-rent division: A market approach

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  • Atila Abdulkadiroğlu

    ()

  • Tayfun Sönmez

    ()

  • M. Utku Ünver

    ()

Abstract

A group of friends consider renting a house but they shall first agree on how to allocate its rooms and share the rent. We propose an auction mechanism for room assignment-rent division problems which mimics the market mechanism. Our auction mechanism is efficient, envy-free, individually-rational and it yields a non-negative price to each room whenever that is possible with envy-freeness. Copyright Springer-Verlag 2004

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File URL: http://hdl.handle.net/10.1007/s00355-003-0231-0
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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 22 (2004)
Issue (Month): 3 (06)
Pages: 515-538

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Handle: RePEc:spr:sochwe:v:22:y:2004:i:3:p:515-538

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Cited by:
  1. ANDERSSON, Tommy & EHLERS, Lars & SVENSSON, Lars-Gunnar, 2010. "Budget-Balance, Fairness and Minimal Manipulability," Cahiers de recherche 18-2010, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  2. Thomson, William, 2011. "Chapter Twenty-One - Fair Allocation Rules," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 2, chapter 21, pages 393-506 Elsevier.
  3. Carmen Beviá, 2010. "Manipulation games in economies with indivisible goods," International Journal of Game Theory, Springer, vol. 39(1), pages 209-222, March.
  4. Velez, Rodrigo A., 2011. "Are incentives against economic justice?," Journal of Economic Theory, Elsevier, vol. 146(1), pages 326-345, January.
  5. Bumin Yenmez, M., 2012. "Dissolving multi-partnerships efficiently," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 77-82.
  6. Andersson, Tommy & Andersson, Christer & Talman, Adolphus Johannes Jan, 2010. "Sets in Excess Demand in Ascending Auctions with Unit-Demand Bidders," Working Papers 2010:15, Lund University, Department of Economics, revised 28 Jun 2012.
  7. Helmuts Azacis, 2004. "Double Implementation in a Market for Indivisible Goods with a Price Constraint," UFAE and IAE Working Papers 623.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).

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