The core of a housing market with externalities
It is known that the core of a housing market always exists and contains a unique matching when agents have independent preferences. We show that when preferences of agents are interdependent, there are housing markets with an empty core as well as housing markets with a core containing more than one matching.
Volume (Year): 3 (2007)
Issue (Month): 57 ()
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- Atila Abdulkadiroglu & Tayfun Sonmez, 1998. "Random Serial Dictatorship and the Core from Random Endowments in House Allocation Problems," Econometrica, Econometric Society, vol. 66(3), pages 689-702, May.
- Sasaki, Hiroo & Toda, Manabu, 1996. "Two-Sided Matching Problems with Externalities," Journal of Economic Theory, Elsevier, vol. 70(1), pages 93-108, July.
- Bettina Klaus & Flip Klijn, 2004.
"Stable Matchings and Preferences of Couples,"
117, Barcelona Graduate School of Economics.
- Mumcu, Ayse & Saglam, Ismail, 2006. "One-to-One Matching with Interdependent Preferences," MPRA Paper 1908, University Library of Munich, Germany.
- Federico Echenique & Mehmet B. Yenmez, 2005.
"A Solution to Matching with Preferences over Colleagues,"
2005.120, Fondazione Eni Enrico Mattei.
- Echenique, Federico & Yenmez, M. Bumin, 2007. "A solution to matching with preferences over colleagues," Games and Economic Behavior, Elsevier, vol. 59(1), pages 46-71, April.
- Federico Echenique, 2005. "A Solution to Matching with Preferences over Colleagues," Game Theory and Information 0506005, EconWPA.
- Echenique, Federico & Yenmez, Mehmet B., 2005. "A Solution to Matching with Preferences over Colleagues," Working Papers 1226, California Institute of Technology, Division of the Humanities and Social Sciences.
- Roth, Alvin E. & Postlewaite, Andrew, 1977. "Weak versus strong domination in a market with indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 4(2), pages 131-137, August.
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