Some characterizations of Generalized Top Trading Cycles

Acelya Altuntas, William Phan and Yuki Tamura

Games and Economic Behavior, 2023, vol. 141, issue C, 156-181

Abstract: Consider object exchange problems when each agent may be endowed with and consume more than one object. For most domains of preferences, no rule satisfies efficiency, the endowment lower bound, and strategy-proofness. Insisting on the first two properties, we explore the extent to which weaker incentive compatibility can be achieved. Motivated by behavioral and computational considerations as well as online mechanisms, we define several forms of manipulation. We consider the lexicographic domain of preferences, and provide several characterizations of Generalized Top Trading Cycles based on properties concerning immunity from heuristic and identity-splitting manipulations. We also show that this establishes a boundary with respect to incentive compatibility—minimal strengthening results in impossibility.

Keywords: Behavioral market design; Endowment manipulation; Heuristic manipulation; Strategy-proofness; Object exchange; Generalized Top Trading Cycles (search for similar items in EconPapers)
JEL-codes: C70 C78 D47 D70 (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)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825623000672
Full text for ScienceDirect subscribers only

Related works:
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:gamebe:v:141:y:2023:i:c:p:156-181

DOI: 10.1016/j.geb.2023.05.004

Access Statistics for this article

Games and Economic Behavior is currently edited by E. Kalai

More articles in Games and Economic Behavior from Elsevier
Bibliographic data for series maintained by Catherine Liu ().