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On Two Theorems Of Quinzii And Rent Controlled Housing Allocation In Sweden

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  • KIMMO ERIKSSON

    ()
    (Department of Mathematics and Physics, Mälardalen University College, Box 883, SE-721 23 Västerås, Sweden)

  • JONAS SJÖSTRAND

    ()
    (Department of Mathematics, Royal Institute of Technology, SE-100 44 Stockholm, Sweden)

Abstract

The Swedish rent control system creates a white market for swapping rental contracts and a black market for selling rental contracts. Empirical data suggests that in this black-and-white market some people act according to utility functions that are both discontinuous and locally decreasing in money. We discuss Quinzii's theorem for the nonemptiness of the core of generalized house-swapping games, and show how it can be extended to cover the Swedish game.In a second part, we show how this theorem of Quinzii and her second theorem on nonemptiness of the core in two-sided models are both special cases of a more general theorem.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 09 (2007)
Issue (Month): 03 ()
Pages: 515-525

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Handle: RePEc:wsi:igtrxx:v:09:y:2007:i:03:p:515-525

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Related research

Keywords: Core; house-swapping; rent control; indivisible goods; 91A06; 91B68;

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