演講者簡介 : Professor Ju received his Ph.D. from Tilburg University in 2004. He is currently a Senior Lecturer at the University of York. His research interests include game theory, microeconomics, and social choice (implementation, bargaining, coalition formation, externality, distributive justice).
演講摘要 : 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.
