Farsighted house allocation

Bettina Klaus (), Flip Klijn and Markus Walzl

Journal of Mathematical Economics, 2010, vol. 46, issue 5, 817-824

Abstract: In this note we study von Neumann-Morgenstern farsightedly stable sets for Shapley and Scarf (1974) housing markets. Kawasaki (2010) shows that the set of competitive allocations coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of antisymmetric weak dominance (cf., Wako, 1999). We demonstrate that the set of competitive allocations also coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of strong dominance (cf., Roth and Postlewaite, 1977) if no individual is indifferent between his endowment and the endowment of someone else.

Keywords: Housing; markets; Indivisible; goods; Farsightedness; von; Neumann-Morgenstern; stable; sets; Top; trading; cycles; Competitive; allocations (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Farsighted House Allocation (2015)
Working Paper: Farsighted House Allocation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:5:p:817-824

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