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Department of Economics, Lund University Working Papers, Department of Economics, Lund University

No 2002:17:
Strategy-proofness and Fixed-price Allocation of Indivisible Goods - a Characterization Proof

Lars-Gunnar Svensson ()

Abstract: In this paper we considered the classical Shapley-Scarf (1974) "house allocation model", where in addition there is a perfectly divisible good (money). The problem is to characterize all strategy-proof, nonbossy and individually rational allocation mechanisms. The finding is that only a fixed-price allocation mechanism is consistent with these presumptions. Miyagawa (2001) first proved this result. Here we give an alternative and comparatively short proof of the characterization result.

Keywords: Strategy-proof; Indivisible object; Housing market; (follow links to similar papers)

JEL-Codes: C71; C78; D71; D78; (follow links to similar papers)

11 pages, June 7, 2002

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