How to efficiently allocate houses under price controls?

Tommy Andersson, Zaifu Yang and Dongmo Zhang

Economics Letters, 2015, vol. 130, issue C, 97-99

Abstract: We examine a housing market with price controls and show how the allocation problem can be solved through a price system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a Pareto efficient and stable outcome.

Keywords: Ascending auction; Price controls; Core; Pareto efficiency (search for similar items in EconPapers)
JEL-codes: C71 D44 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176515001147
Full text for ScienceDirect subscribers only

Related works:
Working Paper: How to Efficiently Allocate Houses under Price Controls? (2014)
Working Paper: How to Efficiently Allocate Houses under Price Controls? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:130:y:2015:i:c:p:97-99

DOI: 10.1016/j.econlet.2015.03.013

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().