Journal article
Shapley and Scarf housing markets with consumption externalities
Journal of public economic theory, Vol.22(5), pp.1481-1514
09/01/2020
DOI: 10.1111/jpet.12470
Abstract
We introduce externalities into the classical model by Shapley and Scarf; that is, agents care about others and their preferences are defined over allocations rather than over single indivisible goods. After collecting some results about the nonexistence of several cooperative solutions, we focus on stable allocations and propose domains of preferences that can guarantee that they both exist and form a stable set a la von Neumann and Morgenstern.
Details
- Title: Subtitle
- Shapley and Scarf housing markets with consumption externalities
- Creators
- Maria Gabriella Graziano - University of Naples Federico IIClaudia Meo - University of Naples Federico IINicholas C. Yannelis - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Journal of public economic theory, Vol.22(5), pp.1481-1514
- Publisher
- Wiley
- DOI
- 10.1111/jpet.12470
- ISSN
- 1097-3923
- eISSN
- 1467-9779
- Number of pages
- 34
- Language
- English
- Date published
- 09/01/2020
- Academic Unit
- Economics
- Record Identifier
- 9984380450702771
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