The coordinate-wise core for multiple-type housing markets is second-best incentive compatible

Bettina Klaus ()

Journal of Mathematical Economics, 2008, vol. 44, issue 9-10, 919-924

Abstract: We consider the generalization of Shapley and Scarf's (1974) [Shapley, L., Scarf's, H., 1974. On cores and indivisibility. Journal of Mathematical Economics 1, 23-37.] model of trading indivisible objects (houses) to so-called multiple-type housing markets. We show that the prominent solution for these markets, the coordinate-wise core rule, is second-best incentive compatible.

Date: 2008
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Working Paper: The coordinate-wise core for multiple-type housing markets is second-best incentive compatible (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:44:y:2008:i:9-10:p:919-924

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