Alternative characterizations of the top trading cycles rule in housing markets

Yajing Chen and Fang Zhao

Economics Letters, 2021, vol. 201, issue C

Abstract: Building on Ma (1994) and Fujinaka and Wakayama (2018), this paper characterizes the top trading cycles rule in housing markets without the help of strategy-proofness, by the following two groups of axioms: individual rationality, Pareto efficiency, rank monotonicity; individual rationality, endowments-swapping-proofness, rank monotonicity.

Keywords: Housing market; Top trading cycles rule; Rank monotonicity; Characterizations (search for similar items in EconPapers)
JEL-codes: C71 C72 C78 D71 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:201:y:2021:i:c:s0165176521000835

DOI: 10.1016/j.econlet.2021.109806

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