Journal of Mathematical Economics
Abstract
We consider the generalization of Shapley and Scarf’s (1974) [Shapley, L., Scarf’s, H., 1974. On cores and indivisibility. Journal
of Mathematical Economics 1, 23–37.] model of trading indivisible objects (houses) to so-called multiple-type housing markets.
We show that the prominent solution for these markets, the coordinate-wise core rule, is second-best incentive compatible.
© 2007 Published by Elsevier B.V.
[此贴子已经被作者于2008-5-6 23:28:30编辑过]