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On Two Theorems Of Quinzii And Rent Controlled Housing Allocation In Sweden

Author

Listed:
  • KIMMO ERIKSSON

    (Department of Mathematics and Physics, Mälardalen University College, Box 883, SE-721 23 Västerås, Sweden)

  • JONAS SJÖSTRAND

    (Department of Mathematics, Royal Institute of Technology, SE-100 44 Stockholm, Sweden)

Abstract

The Swedish rent control system creates a white market for swapping rental contracts and a black market for selling rental contracts. Empirical data suggests that in this black-and-white market some people act according to utility functions that are both discontinuous and locally decreasing in money. We discuss Quinzii's theorem for the nonemptiness of the core of generalized house-swapping games, and show how it can be extended to cover the Swedish game.In a second part, we show how this theorem of Quinzii and her second theorem on nonemptiness of the core in two-sided models are both special cases of a more general theorem.

Suggested Citation

  • Kimmo Eriksson & Jonas Sjöstrand, 2007. "On Two Theorems Of Quinzii And Rent Controlled Housing Allocation In Sweden," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 515-525.
    • Handle: RePEc:wsi:igtrxx:v:09:y:2007:i:03:n:s0219198907001576
    DOI: 10.1142/S0219198907001576
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    References listed on IDEAS

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    1. Roth, Alvin E & Vande Vate, John H, 1990. "Random Paths to Stability in Two-Sided Matching," Econometrica, Econometric Society, vol. 58(6), pages 1475-1480, November.
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    More about this item

    Keywords

    Core; house-swapping; rent control; indivisible goods; 91A06; 91B68;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C0 - Mathematical and Quantitative Methods - - General
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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