文章基本信息

标题：How to Efficiently Allocate Houses under Price Controls?
本地全文：下载
作者：Tommy Andersson ; Zaifu Yang ; Dongmo Zhang 等
期刊名称：Discussion Papers in Economics / Department of Economics, University of York
出版年度：2014
卷号：2014
出版社：University of York
摘要：Price controls are used in many regulated markets and well recognized as the cause of market inefficiency. This paper examines a practical housing market in the presence of price controls and provides a solution to the problem of how houses should be efficiently allocated among agents through a system of prices. We demonstrate that the dynamic auction by Talman and Yang (2008) always finds a core allocation in finitely many iterations, thus resulting in a Pareto efficient outcome.
关键词：Ascending auction; assignment market; price control; Pareto efficiency; core.