Non-manipulable house exchange under (minimum) equilibrium prices

B-Tier
Journal: Games and Economic Behavior
Year: 2026
Volume: 155
Issue: C
Pages: 270-286

Authors (3)

Svensson, Lars-Gunnar (not in RePEc) Andersson, Tommy (Lunds Universitet) Ehlers, Lars (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We consider a market with indivisible objects, called houses, and monetary transfers. Each house is initially occupied by one agent and each agent demands exactly one house. The problem is to identify the complete set of direct allocation mechanisms that can be used to reallocate the houses among the agents. On the one hand, for price eq1uilibrium mechanisms, we show that the only non-manipulable mechanism is one with a minimum equilibrium price vector. The result is not true on the classic or the quasi-linear domains, but on reduced domains of preference profiles containing “almost all” profiles in the classic or the quasi-linear domain, respectively. On the other hand, while minimum price equilibrium mechanisms are not necessarily efficient (as prices are not zero), we show that no non-manipulable mechanism Pareto dominates a minimum price equilibrium mechanism, making them constrained efficient in the class of non-manipulable mechanisms.

Technical Details

RePEc Handle
repec:eee:gamebe:v:155:y:2026:i:c:p:270-286
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24