Robust Minimal Instability of the Top Trading Cycles Mechanism

نویسندگان

چکیده

In the context of priority-based allocation objects, we formulate methods to compare assignments in terms their stability. We introduce three basic properties that a reasonable stability comparison should satisfy. show for any satisfying properties, top trading cycles mechanism is minimally unstable among efficient and strategy-proof mechanisms when objects have unit capacities. Our unifying approach covers basically all natural comparisons establishes robustness recent result by Abdulkadiro?lu et al. (2020). When nonunit capacities, characterize capacity-priority structures which our preserved. (JEL C70, C78, D61, D82)

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ژورنال

عنوان ژورنال: American Economic Journal: Microeconomics

سال: 2022

ISSN: ['1945-7669', '1945-7685']

DOI: https://doi.org/10.1257/mic.20200148