Robust Minimal Instability of the Top Trading Cycles Mechanism

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2022
Volume: 14
Issue: 4
Pages: 556-82

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In the context of priority-based allocation of objects, we formulate methods to compare assignments in terms of their stability. We introduce three basic properties that a reasonable stability comparison should satisfy. We show that for any stability comparison satisfying the three properties, the top trading cycles mechanism is minimally unstable among efficient and strategy-proof mechanisms when objects have unit capacities. Our unifying approach covers basically all natural stability comparisons and establishes the robustness of a recent result by Abdulkadiroğlu et al. (2020). When objects have nonunit capacities, we characterize the capacity-priority structures for which our result is preserved.

Technical Details

RePEc Handle
repec:aea:aejmic:v:14:y:2022:i:4:p:556-82
Journal Field
General
Author Count
2
Added to Database
2026-01-25