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Characterization of Top Trading Cycles with single-dipped preferences

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Listed:
  • Hu, Xinquan
  • Zhang, Jun

Abstract

In the object reallocation model, when agents’ preferences are unrestricted, Ekici (2024) proves that the top trading cycles is the unique mechanism that is individually-rational, pair-efficient, and strategyproof. We prove that this characterization remains true when agents’ preferences are single-dipped.

Suggested Citation

  • Hu, Xinquan & Zhang, Jun, 2024. "Characterization of Top Trading Cycles with single-dipped preferences," Economics Letters, Elsevier, vol. 241(C).
    • Handle: RePEc:eee:ecolet:v:241:y:2024:i:c:s0165176524003069
    DOI: 10.1016/j.econlet.2024.111822
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    References listed on IDEAS

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    1. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    2. Tamura, Yuki, 2023. "Object reallocation problems with single-dipped preferences," Games and Economic Behavior, Elsevier, vol. 140(C), pages 181-196.
    3. Bade, Sophie, 2019. "Matching with single-peaked preferences," Journal of Economic Theory, Elsevier, vol. 180(C), pages 81-99.
    4. Ekici, Özgün, 2024. "Pair-efficient reallocation of indivisible objects," Theoretical Economics, Econometric Society, vol. 19(2), May.
    5. Ma, Jinpeng, 1994. "Strategy-Proofness and the Strict Core in a Market with Indivisibilities," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(1), pages 75-83.
    6. Ekici, Özgün & Sethuraman, Jay, 2024. "Characterizing the TTC rule via pair-efficiency: A short proof," Economics Letters, Elsevier, vol. 234(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Object reallocation model; Top trading cycles; Single-dipped; Pair efficiency;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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