{"title":"Characterizing TTC via endowments-swapping-proofness and truncation-proofness","authors":"Jacob Coreno , Di Feng","doi":"10.1016/j.econlet.2024.112159","DOIUrl":null,"url":null,"abstract":"<div><div>In the object reallocation problem introduced by Shapley and Scarf (1974), Fujinaka and Wakayama (2018) showed that Top Trading Cycles (TTC) is the unique rule satisfying <em>individual rationality</em>, <em>strategy-proofness</em>, and <em>endowments-swapping-proofness</em>. We show that the uniqueness remains true if <em>strategy-proofness</em> is weakened to <em>truncation-proofness</em>.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"247 ","pages":"Article 112159"},"PeriodicalIF":2.1000,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176524006438","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In the object reallocation problem introduced by Shapley and Scarf (1974), Fujinaka and Wakayama (2018) showed that Top Trading Cycles (TTC) is the unique rule satisfying individual rationality, strategy-proofness, and endowments-swapping-proofness. We show that the uniqueness remains true if strategy-proofness is weakened to truncation-proofness.
期刊介绍：
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
