How to efficiently allocate houses under price controls?

Tommy Andersson; Zaifu Yang; Dongmo Zhang

doi:10.1016/j.econlet.2015.03.013

How to efficiently allocate houses under price controls?

Tommy Andersson, Zaifu Yang, Dongmo Zhang

Research output: Contribution to journal › Article › peer-review

Abstract

We examine a housing market with price controls and show how the allocation problem can be solved through a price system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a Pareto efficient and stable outcome.

Original language	English
Pages (from-to)	97-99
Number of pages	3
Journal	Economics Letters
Volume	130
DOIs	https://doi.org/10.1016/j.econlet.2015.03.013
Publication status	Published - 2015

Keywords

price regulation
rent control
rental housing

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10.1016/j.econlet.2015.03.013

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Cite this

@article{0fbb5cbc779847a49e35d15960d649f1,

title = "How to efficiently allocate houses under price controls?",

abstract = "We examine a housing market with price controls and show how the allocation problem can be solved through a price system. We demonstrate that the auction of Talman and Yang (2008) always generates a core allocation, thus resulting in a Pareto efficient and stable outcome.",

keywords = "price regulation, rent control, rental housing",

author = "Tommy Andersson and Zaifu Yang and Dongmo Zhang",

year = "2015",

doi = "10.1016/j.econlet.2015.03.013",

language = "English",

volume = "130",

pages = "97--99",

journal = "Economics Letters",