EconPapers    
Economics at your fingertips  
 

Exchange of indivisible goods and indifferences: The Top Trading Absorbing Sets mechanisms

Jorge Alcalde-Unzu () and Elena Molis ()

Games and Economic Behavior, 2011, vol. 73, issue 1, 1-16

Abstract: There is a wide range of economic problems that involve the exchange of indivisible goods with no monetary transfers, starting from the housing market model of the seminal paper by Shapley and Scarf (1974) to problems such as the kidney exchange or the school choice problem. The classical solution to many of these models is to apply a mechanism called Top Trading Cycles, attributed to David Gale, which satisfies good properties for the case of strict preferences. In this paper, we propose a family of mechanisms, called Top Trading Absorbing Sets mechanisms, which generalize the Top Trading Cycles to the general case in which individuals are allowed to report indifferences, while preserving a maximal possible set of its desirable properties.

Keywords: Housing; market; Indifferences; Top; trading; cycles; Absorbing; sets (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0899825610001971
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Exchange of indivisible goods and indifferences: the top trading absorbing sets mechanisms (2011)
Working Paper: Exchange of indivisible goods and indifferences: the Top Trading Absorbing Sets mechanisms (2009) Downloads
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:73:y:2011:i:1:p:1-16

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 Haili He ().

 
Page updated 2020-10-14
Handle: RePEc:eee:gamebe:v:73:y:2011:i:1:p:1-16