Abstract
This paper considers a house allocation problem with no initial ownership and where prices are bounded from below and above by exogenously given price restrictions. This type of housing market contains, e.g., the “assignment market” and the “student placement problem” as special cases. A mechanism called the minimal RPE mechanism is defined, and two main results are obtained. First, it is demonstrated that the mechanism is manipulable at some profile in the full preference domain R. Second, it is proved that there is a subset R˜⊂R of the full domain, containing almost all profiles in R, such that the minimal RPE mechanism is strategy-proof in that subset.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
