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House Allocation with Existing Tenants

Publication ,  Journal Article
Abdulkadiroglu, A; Sönmez, T
Published in: Journal of Economic Theory
October 1, 1999

In many real-life applications of house allocation problems, whenever an existing tenant wants to move, he needs to give up his current house before getting another one. This practice discourages existing tenants from such attempts and results in loss of potentially large gains from trade. Motivated by this observation, we propose a simple mechanism that is Pareto efficient, individually rational, and strategy-proof. Our approach is constructive and we provide two algorithms, each of which can be used to find the outcome of this mechanism. One additional merit of this mechanism is that it can accommodate any hierarchy of seniorities. Journal of Economic Literature Classification Numbers: C71, C78, D71, DF8. © 1999 Academic Press.

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Published In

Journal of Economic Theory

DOI

ISSN

0022-0531

Publication Date

October 1, 1999

Volume

88

Issue

2

Start / End Page

233 / 260

Related Subject Headings

  • Economic Theory
  • 3803 Economic theory
  • 3801 Applied economics
  • 1499 Other Economics
  • 1401 Economic Theory
 

Citation

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Abdulkadiroglu, A., & Sönmez, T. (1999). House Allocation with Existing Tenants. Journal of Economic Theory, 88(2), 233–260. https://doi.org/10.1006/jeth.1999.2553
Abdulkadiroglu, A., and T. Sönmez. “House Allocation with Existing Tenants.” Journal of Economic Theory 88, no. 2 (October 1, 1999): 233–60. https://doi.org/10.1006/jeth.1999.2553.
Abdulkadiroglu A, Sönmez T. House Allocation with Existing Tenants. Journal of Economic Theory. 1999 Oct 1;88(2):233–60.
Abdulkadiroglu, A., and T. Sönmez. “House Allocation with Existing Tenants.” Journal of Economic Theory, vol. 88, no. 2, Oct. 1999, pp. 233–60. Scopus, doi:10.1006/jeth.1999.2553.
Abdulkadiroglu A, Sönmez T. House Allocation with Existing Tenants. Journal of Economic Theory. 1999 Oct 1;88(2):233–260.
Journal cover image

Published In

Journal of Economic Theory

DOI

ISSN

0022-0531

Publication Date

October 1, 1999

Volume

88

Issue

2

Start / End Page

233 / 260

Related Subject Headings

  • Economic Theory
  • 3803 Economic theory
  • 3801 Applied economics
  • 1499 Other Economics
  • 1401 Economic Theory