williamhill中文2017年第第七十四次学术讲座
主讲人：鞠源 教授
单位：约克大学
题目：The English Housing Market Mechanism
时间：2017年12月5日(周二)上午10：10
地点：williamhill中文315教室
摘要：This paper introduces a model of typical English housing markets. In such markets, there are many first time buyers, movers, and sellers. Because of financial or locational constraints, most homeowners who wish to move are critically dependent on the sale of their current house. We formulate this problem as a multi-person game-theoretical problem and propose a novel allocation mechanism. We demonstrate that the mechanism always yields efficient assignment of houses, i.e., a core allocation, to market participants within existing constraints, and can improve welfare gains of trade considerably.
williamhill中文
2017年11月22日
学校主页
ENGLISH