全球智库信息集成服务系统(G2TT): Dynamics, Stability, and Foresight in the Shapley-Scarf Housing Market

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Dynamics, Stability, and Foresight in the Shapley-Scarf Housing Market
	Yoshio Kamijo; Ryo Kawasaki
发表日期	2009
出处	Climate Change and Sustainable Development
出版年	2009
语种	英语
摘要	While most of the literature starting with Shapley and Scarf (1974) have considered a static exchange economy with indivisibilities, this paper studies the dynamics of such an economy. We find that both the dynamics generated by competitive equilibrium and the one generated by weakly dominance relation, converge to a set of allocations we define as strictly stable, which we can show to exist. Moreover, we show that even when only pairwise exchanges between two traders are allowed, the strictly stable allocations are attained eventually if traders are sufficiently farsighted.
特色分类	D78,C71
关键词	Indivisible Goods Market,Dynamics,Competitive Allocation,Strict Core,Foresight,Stable Set
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/dynamics-stability-and-foresight-in-the-shapley-scarf-housing-market/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/117729
推荐引用方式 GB/T 7714	Yoshio Kamijo,Ryo Kawasaki. Dynamics, Stability, and Foresight in the Shapley-Scarf Housing Market. 2009.