Random Housing with Existing Tenants
AbstractWe explore the problem of distributing a group of indivisible objects, some of which incorporate a primitive assignment of use, or tenancy right. Within this framework we analyze the existence of rules always selecting an ex-ante efﬁcient allocation, conditioned to a preservation of the tenancy rights. We realize that a probabilistic version of the Deferred Acceptance procedure (Gale and Shapley, 1962), is efﬁcient and, from an ordinal point of view, superior to the randomized approaches of the Top Trading Cycles (Abdulkadiroglu and Sönmez, 1999) and the New House 4 mechanism employed in the MIT.
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Bibliographic InfoPaper provided by Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica in its series QM&ET Working Papers with number 13-5.
Length: 34 pages
Date of creation: 25 Sep 2013
Date of revision:
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Correlated Priorities; Random Assignment; Serial Rule; Matching Markets; Ordinal Efﬁciency;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-10-02 (All new papers)
- NEP-GTH-2013-10-02 (Game Theory)
- NEP-URE-2013-10-02 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Game Theory and Information
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Boston College Working Papers in Economics
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