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- W3123118253 abstract "Price controls are used in many regulated markets and well recognized as the cause of market inefficiency. This paper examines a practical housing market in the presence of price controls and provides a solution to the problem of how houses should be efficiently allocated among agents through a system of prices. We demonstrate that the dynamic auction by Talman and Yang (2008) always finds a core allocation in finitely many iterations, thus resulting in a Pareto efficient outcome." @default.
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- W3123118253 date "2014-06-13" @default.
- W3123118253 modified "2023-09-27" @default.
- W3123118253 title "How to Efficiently Allocate Houses under Price Controls" @default.
- W3123118253 hasPublicationYear "2014" @default.
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