Top Trading Cycles, Consistency, and Acyclic Priorities for House Allocation with Existing Tenants
Bettina Klaus (),
Jan Christoph Schlegel and
Mehmet Karakaya
Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie
Abstract:
We study the house allocation with existing tenants model (Abdulkadiroglu and Sonmez, 1999) and consider rules that allocate houses based on priorities. We introduce a new acyclicity requirement and show that for house allocation with existing tenants a top trading cycles (TTC) rule is consistent if and only if its underlying priority structure satis es our acyclicity condition. Next we give an alternative description of TTC rules based on ownership-adapted acyclic priorities in terms of two speci c rules,YRMH-IGYT (you request my house - I get your turn) and ecient priority rules,that are applied in two steps. Moreover, even if no priority structure is a priori given,we show that a rule is a top trading cycles rule based on ownership-adapted acyclic priorities if and only if it satis es Pareto-optimality, individual-rationality, strategy-proofness, consistency, and either reallocation-proofness or non-bossiness.
Keywords: consistency; house allocation; matching; strategy-proofness; top trading cycles. (search for similar items in EconPapers)
JEL-codes: C78 D47 D70 D78 (search for similar items in EconPapers)
Pages: 50 pp.
Date: 2019-10
New Economics Papers: this item is included in nep-des and nep-ure
References: Add references at CitEc
Citations: View citations in EconPapers (5)
Downloads: (external link)
http://www.unil.ch/de/files/live/sites/de/files/working-papers/19.06.pdf (application/pdf)
Related works:
Journal Article: Top trading cycles, consistency, and acyclic priorities for house allocation with existing tenants (2019) 
Working Paper: Top Trading Cycles, Consistency, and Acyclic Priorities for House Allocation with Existing Tenants (2017) 
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:lau:crdeep:19.06
Access Statistics for this paper
More papers in Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie Université de Lausanne, Faculté des HEC, Département d’économie, Internef, CH-1015 Lausanne. Contact information at EDIRC.
Bibliographic data for series maintained by Christina Seld ().