House allocation when availability of houses may change unexpectedly
In: Mathematical social sciences, Band 81, S. 29-37
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In: Mathematical social sciences, Band 81, S. 29-37
In: Mathematical social sciences, Band 71, S. 80-85
In: EL53106
SSRN
In: Bulletin of economic research, Band 75, Heft 4, S. 1064-1077
ISSN: 1467-8586
AbstractThe school choice problem is of great importance both in theory and practice. This paper studies the (student‐optimal) top trading cycles mechanism (TTCM) in an axiomatic way. We introduce two new axioms: MBG (mutual best group)‐quota‐rationality and MBG‐robust efficiency. While stability implies MBG‐quota rationality, MBG‐robust efficiency is weaker than robust efficiency, which is stronger than the combination of efficiency and group strategy proofness. The TTCM is characterized by MBG‐quota rationality and MBG‐robust efficiency. Our results construct a new basis to compare the TTCM with the other school choice mechanisms, in terms of both fairness and incentive‐related axioms.
In: China economic review, Band 81, S. 102034
ISSN: 1043-951X
In: China economic review, Band 74, S. 101826
ISSN: 1043-951X
In: Economics of education review, Band 91, S. 102330
ISSN: 0272-7757
In: JALCOM-D-22-02000
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