arXiv Open Access 2020

On the integration of Shapley-Scarf housing markets

Rajnish Kunar Kriti Manocha Josue Ortega

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Abstrak

We study the welfare consequences of merging Shapley--Scarf markets. Market integration can lead to large welfare losses and make the vast majority of agents worse-off, but is on average welfare-enhancing and makes all agents better off ex-ante. The number of agents harmed by integration is a minority when all markets are small or agents' preferences are highly correlated.

Topik & Kata Kunci

econ.TH cs.GT

Penulis (3)

Rajnish Kunar

Kriti Manocha

Josue Ortega

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APA MLA BibTeX

Kunar, R., Manocha, K., Ortega, J. (2020). On the integration of Shapley-Scarf housing markets. https://arxiv.org/abs/2004.09075

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Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓