MET Seminar - Bettina Klaus
| Dates: | 26 February 2025 |
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| Times: | 17:00 - 18:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Who is it for: | University staff, Current University students |
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Title: Happy birthday TTC! A survey and some recent results
Abstract: I present a survey talk commemorating more that 50 years of Gale's famous top trading cycles (TTC) algorithm. The classical housing market model and the TTC algorithm were introduced by Shapley and Scarf (1974) in their seminal paper "Cores and Indivisibilities," Journal of Mathematical Economics 1. The TTC agorithm / rule satisfies many desirable properties relating to weak / strong core stability, efficiency, and incentives, and, remarkably, is characterized by various combinations of these properties. I review some of the most important papers in the field and include some recent results on variations of the Shapley Scarf housing market model (multiple object (re)allocation, limited externalities, weak preference domains) and present a recent characterization using the respect for improvements property.
Speaker website: https://www.bklaus.net/
Contact: david.delacretaz@manchester.ac.uk
Travel and Contact Information
Find event
Boardroom 2.016
Arthur Lewis Building
Manchester
