Two-sided Matching in Singapore’s Public Housing Allocation

Mai Zhang, Zhongjin Zhang and Linyi Zou

Chapter 42 in Internet Finance and Digital Economy:Advances in Digital Economy and Data Analysis Technology, 2023, pp 573-591 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Singapore has developed a well-established public housing system built and managed by the government. In Singapore’s unique public housing system, a welfare loss has been observed in its current lottery mechanism used for public housing allocation, based on studies by other scholars. The house allocation is considered a two-sided matching. However, as the Singapore government set the ethnicity quota for public housing blocks based on its purpose of ethnic integration, the matching becomes a type of block-bound two-sided matching. Inspired by Singapore’s public housing allocation problem, this paper tends to establish a new model using the Deferred Acceptance mechanism to improve the social welfare obtained from the public housing allocation. And due to the existence of speculation in the public housing market, this study also tests whether our new model helps to reduce speculative house purchases.

Keywords: Internet Economy; Online Finance; Financial Engineering; Big Data; Blockchain; Supply Chain; E-commerce (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2023
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