Housing markets since Shapley and Scarf

Abstract

Shapley and Scarf (1974) appeared in the first issue of the Journal of Mathematical Economics, and is one of the journal's most impactful publications. As we approach the remarkable milestone of the journal's 50th anniversary (1974-2024), this article serves as a commemorative exploration of Shapley and Scarf (1974) and the extensive body of literature that follows it.