House allocation with transfers

成果类型:
Article
署名作者:
Miyagawa, E
署名单位:
Columbia University
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.2000.2703
发表日期:
2001
页码:
329-355
关键词:
摘要:
We consider the Shapley-Scarf house allocation problem where monetary transfers are allowed. We characterize the class of mechanisms that are strategy-proof ex post individually rational, ex. post budget-balanced, and collusion-proof In these mechanisms, the price of each object is fixed in advance, and the objects are reallocated according to the (unique) core assignment of the Shapley-Scarf economy associated with the prices. The special case in which all prices are zero is the core mechanism studied by Shapley and Scarf. Our mechanisms are compelling alternatives to the Groves mechanisms, which satisfy neither budget balance nor our condition of collusion-proofness. (C) 2001 Academic, Press.
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