A characterization of Top Trading Cycles under trading networks

Mustafa Oğuz Afacan

Economics Letters, 2023, vol. 233, issue C

Abstract: We consider an object reallocation problem within a specific class of trade restrictions. An agent can only receive the object of someone else connected to him, which is referred to as feasibility. We introduce a Network Augmented Top Trading Cycles (NTTC) mechanism. Our main result shows that a mechanism is NTTC if and only if it is feasible, individually rational, constrained efficient, and strategy-proof.

Keywords: Top Trading Cycles; Characterization; Strategy-proofness; Object; Matching (search for similar items in EconPapers)
JEL-codes: C72 C78 D61 D63 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:233:y:2023:i:c:s0165176523004093

DOI: 10.1016/j.econlet.2023.111383

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