Efficiency in multiple-type housing markets

Di Feng

Journal of Mathematical Economics, 2025, vol. 119, issue C

Abstract: We consider multiple-type housing markets (Moulin, 1995), which extend Shapley and Scarf (1974)’s housing markets from one dimension to higher dimensions. In this model, Pareto efficiency is incompatible with individual rationality and strategy-proofness (Konishi et al., 2001). Therefore, we consider two weaker efficiency properties: coordinatewise efficiency and pairwise efficiency.

Keywords: Multiple-type housing markets; Strategy-proofness; Constrained efficiency; Top trading cycles (TTC) mechanism; Market design (search for similar items in EconPapers)
JEL-codes: C78 D47 D61 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:119:y:2025:i:c:s0304406825000539

DOI: 10.1016/j.jmateco.2025.103136

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