A characterization of Top Trading Cycles under trading networks
Author | Mustafa Oğuz, Afacan |
Available date | 2024-03-03T08:46:23Z |
Publication Date | 2023-10-06 |
Publication Name | Economics Letters |
Identifier | http://dx.doi.org/10.1016/j.econlet.2023.111383 |
Citation | Afacan, M. O. (2023). A characterization of Top Trading Cycles under trading networks. Economics Letters, 233, 111383. |
ISSN | 0165-1765 |
Abstract | We consider an object reallocation problem within a specific class of trade restrictions. An agent can only receive the object of someone else connected to him, which is referred to as feasibility. We introduce a Network Augmented Top Trading Cycles (NTTC) mechanism. Our main result shows that a mechanism is NTTC if and only if it is feasible, individually rational, constrained efficient, and strategy-proof. |
Language | en |
Publisher | Elsevier |
Subject | Top Trading Cycles Characterization Strategy-proofness Object Matching |
Type | Article |
Volume Number | 233 |
ESSN | 1873-7374 |
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Finance & Economics [415 items ]