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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Economic ...arrow_drop_down
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Journal of Economic Theory
Article . 2001 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
zbMATH Open
Article . 2001
Data sources: zbMATH Open
DBLP
Article . 2001
Data sources: DBLP
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House Allocation with Transfers

House allocation with transfers
Authors: Eiichi Miyagawa;

House Allocation with Transfers

Abstract

The author considers a group of agents, each of whom initially owns an indivisible object (e.g., a house, or a university apartment). The problem is to reallocate the objects in such a way that everyone receives one object. The class of mechanisms (social choice functions) that are strategy-proof, ex post individually rational, ex post budget balanced and collusion-proof is characterized. The mechanisms are intuitive and straightforward to implement in practice. In these mechanisms, the price of each object is fixed in advance. Each agent pays the price of the object he receives to the initial owner. The transfer scheme reduces the economy to a Shapley-Scarf economy without money, where an agent's valuation for an object is equal to his true valuation minus the price of the object. The Shapley-Scarf economy having an unique core assignment (for generic type profiles), this core assignment is the selected solution.

Related Organizations
Keywords

Cooperative games, allocation, Special types of economic markets (including Cournot, Bertrand), implementation, strategy-proofness

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
38
Top 10%
Top 10%
Average
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