Room Assignment-Rent Division: A Market Approach

Atila Abdulkadiroglu, Tayfun Sönmez () and M. Utku Ünver
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Atila Abdulkadiroglu: Columbia University

Game Theory and Information from EconWPA

Abstract: A group of friends consider renting a house but they shall first agree on how to allocate its rooms and share the rent. We propose an auction mechanism for room assignment-rent division problems which mimics the market mechanism. Our auction mechanism is efficient, envy-free, individually-rational and it yields a non-negative price to each room whenever that is possible with envy-freeness.

JEL-codes: C7 D8 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mic
Date: 2002-02-13, Revised 2004-02-09
Note: Type of Document - Adobe pdf; prepared on IBM PC - PC- TEX/Scientific WorkPlace;
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http://129.3.20.41/eps/game/papers/0202/0202003.pdf (application/pdf)

Related works:
Working Paper: Room assignment-rent division: A market approach (2002)
Journal Article: Room assignment-rent division: A market approach (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpga:0202003

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