How to efficiently allocate houses under price controls?

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 130
Issue: C
Pages: 97-99

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

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

Abstract

We examine a housing market with price controls and show how the allocation problem can be solved through a price system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a Pareto efficient and stable outcome.

Technical Details

RePEc Handle
repec:eee:ecolet:v:130:y:2015:i:c:p:97-99
Journal Field
General
Author Count
3
Added to Database
2026-01-24