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Farsighted House Allocation

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Author Info
Bettina-Elisabeth Klaus () (Harvard Business School, Negotiation, Organizations & Markets Unit)
Flip Klijn () (Institute for Economic Analysis (CSIC))
Markus Walzl () (Department of Economics, Bamberg University)

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Abstract

In this note we study von Neumann-Morgenstern farsightedly stable sets for Shapley and Scarf (1974) housing markets. Kawasaki (2008) shows that the set of competitive allocations coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of antisymmetric weak dominance (cf., Wako, 1999). We demonstrate that the set of competitive allocations also coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of strong dominance (cf., Roth and Postlewaite, 1977) if no individual is indifferent between his endowment and the endowment of someone else.

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Publisher Info
Paper provided by Harvard Business School in its series Harvard Business School Working Papers with number 09-129.

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Length: 11 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:hbs:wpaper:09-129

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Related research
Keywords: housing markets; indivisible goods; farsightedness; von Neumann-Morgenstern stable sets; top trading cycles; competitive allocations;

Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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This page was last updated on 2009-11-19.

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