-
论文名称：
Some new characterizations of top trading cycles
-
发表刊物：
Journal of Mathematical Economics
-
关键字：
Housing market; Top trading cycles rule; Characterizations; Upper invariance
-
摘要：
This paper studies the housing market problem introduced by Shapley and Scarf (1974). We refine some existing characterizations of the well-known top trading cycles (TTC) rule by relaxing strategy-proofness and efficiency. Specifically, our main result shows that a rule is equivalent to the TTC rule if and only if it satisfies either of the following two sets of axioms: (1) individual rationality, pair-efficiency, and upper invariance; and (2) individual rationality, endowments-swapping-proofness, and upper invariance. Additionally, we clarify the logical relationships among a set of axioms that are weaker than strategy-proofness. New characterizations of the TTC rule are obtained as direct consequences of our main theorems.
-
第一作者：
Yajing Chen,Zhenhua Jiao,Chenfeng Zhang,Luosai Zhang
-
论文类型：
期刊论文
-
学科门类：
经济学
-
一级学科：
理论经济学
-
文献类型：
J
-
卷号：
121
-
页面范围：
103190
-
DOI码：
10.1016/j.jmateco.2025.103190
-
是否译文：
否
-
发表时间：
2025-11
-
收录刊物：
SSCI
-
发布时间：
2025-11-02
