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dc.contributor.authorKamijo, Yoshioen_US
dc.contributor.authorKawasaki, Ryoen_US
dc.date.accessioned2011-12-15T11:34:31Z-
dc.date.available2011-12-15T11:34:31Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53400-
dc.description.abstractWhile most of the literature starting with Shapley and Scarf (1974) have considered a static exchange economy with indivisibilities, this paper studies the dynamics of such an economy. We find that both the dynamics generated by competitive equilibrium and the one generated by weakly dominance relation, converge to a set of allocations we define as strictly stable, which we can show to exist. Moreover, we show that even when only pairwise exchanges between two traders are allowed, the strictly stable allocations are attained eventually if traders are sufficiently farsighted.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 51.2009en_US
dc.subject.jelD78en_US
dc.subject.jelC71en_US
dc.subject.ddc330en_US
dc.subject.keywordIndivisible Goods Marketen_US
dc.subject.keywordDynamicsen_US
dc.subject.keywordCompetitive Allocationen_US
dc.subject.keywordStrict Coreen_US
dc.subject.keywordForesighten_US
dc.subject.keywordStable Seten_US
dc.titleDynamics, stability, and foresight in the Shapley-Scarf housing marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn645176265en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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