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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- Echenique, Federico & Yenmez, M. Bumin, 2007.
"A solution to matching with preferences over colleagues,"
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- Sasaki, Hiroo & Toda, Manabu, 1996. "Two-Sided Matching Problems with Externalities," Journal of Economic Theory, Elsevier, vol. 70(1), pages 93-108, July.
- Klaus, Bettina & Klijn, Flip, 2005.
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Journal of Economic Theory,
Elsevier, vol. 121(1), pages 75-106, March.
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