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House Allocation with Overlapping Generations

  • Morimitsu Kurino
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    Many real-life applications of house allocation problems are dynamic. For example, each year college freshmen move in and seniors move out of on-campus housing. Each student stays on campus for only a few years. A student is a "newcomer" in the beginning and then becomes an "existing tenant". Motivated by this observation, we introduce a model of house allocation with overlapping generations. In terms of a dynamic rule without monetary transfers, we examine two static rules of serial dictatorship and top trading cycles. We support these seniority-based rules in terms of their dynamic Pareto efficiency and incentive compatibility

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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/mic.6.1.258
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    File URL: http://www.aeaweb.org/aej/mic/ds/0601/2012-0144_ds.zip
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    Article provided by American Economic Association in its journal American Economic Journal: Microeconomics.

    Volume (Year): 6 (2014)
    Issue (Month): 1 (February)
    Pages: 258-89

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    Handle: RePEc:aea:aejmic:v:6:y:2014:i:1:p:258-89
    Note: DOI: 10.1257/mic.6.1.258
    Contact details of provider: Web page: https://www.aeaweb.org/aej-micro
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