蝌蚪网 Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
House Allocation with Overlapping Generations
蝌蚪网 Journal: Microeconomics
(pp. 258–89)
Abstract
Many real-life applications of house allocation problems are dynamic. For example, each year college freshmen move in and seniors move out of on-campus housing. Each student stays on campus for only a few years. A student is a "newcomer" in the beginning and then becomes an "existing tenant". Motivated by this observation, we introduce a model of house allocation with overlapping generations. In terms of a dynamic rule without monetary transfers, we examine two static rules of serial dictatorship and top trading cycles. We support these seniority-based rules in terms of their dynamic Pareto efficiency and incentive compatibilityCitation
Kurino, Morimitsu. 2014. "House Allocation with Overlapping Generations." 蝌蚪网 Journal: Microeconomics 6 (1): 258–89. DOI: 10.1257/mic.6.1.258Additional Materials
JEL Classification
- D13 Household Production and Intrahousehold Allocation
- D61 Allocative Efficiency; Cost-Benefit Analysis
- D82 Asymmetric and Private Information; Mechanism Design