Ex-post incentive compatible and individually rational assignments in housing markets with interdependent values

B-Tier
Journal: Journal of Mathematical Economics
Year: 2020
Volume: 91
Issue: C
Pages: 157-164

Authors (2)

Fujinaka, Yuji (Kansai University) Miyakawa, Toshiji (not in RePEc)

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

This paper presents a model for housing markets with interdependent values. We introduce private information on the quality of a house (i.e., high or low), which is known only to the initial owner. Interdependency means that the ex-post preference of an agent depends on the private information of the other agents with regard to the quality of houses. We prove that on a domain satisfying a richness condition, the no-trade rule is the only rule that satisfies ex-post incentive compatibility and ex-post individual rationality.

Technical Details

RePEc Handle
repec:eee:mateco:v:91:y:2020:i:c:p:157-164
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25