House allocation with overlapping generations

Research output: Contribution to journalArticle

16 Citations (Scopus)

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 compatibility.

Original languageEnglish
Pages (from-to)258-289
Number of pages32
JournalAmerican Economic Journal: Microeconomics
Volume6
Issue number1 D
DOIs
Publication statusPublished - 2014 Feb 21
Externally publishedYes

Fingerprint

House allocation
Overlapping generations
Top trading cycle
Pareto efficiency
Seniority
Newcomers
Serials
Allocation problem
Dictatorship
Incentive compatibility
Monetary rules

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

House allocation with overlapping generations. / Kurino, Morimitsu.

In: American Economic Journal: Microeconomics, Vol. 6, No. 1 D, 21.02.2014, p. 258-289.

Research output: Contribution to journalArticle

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